Corporate governance and firm performance.

This paper examines the relation between corporate governance and firm performance among Singapore firms. We use the recently developed Governance and Transparency Index (“GTI”) to measure corporate governance and examine the effect of governance on firm performance, as measured by Tobin’s Q, Return...

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Main Authors: Ong, Siling., Seah, Yong Soon., Chong, Felicia Hui Qin.
Other Authors: Angie Low An Chee
Format: Final Year Project
Language:English
Published: 2013
Subjects:
Online Access:http://hdl.handle.net/10356/51552
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Institution: Nanyang Technological University
Language: English
id sg-ntu-dr.10356-51552
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spelling sg-ntu-dr.10356-515522023-05-19T06:16:17Z Corporate governance and firm performance. Ong, Siling. Seah, Yong Soon. Chong, Felicia Hui Qin. Angie Low An Chee Nanyang Business School DRNTU::Business This paper examines the relation between corporate governance and firm performance among Singapore firms. We use the recently developed Governance and Transparency Index (“GTI”) to measure corporate governance and examine the effect of governance on firm performance, as measured by Tobin’s Q, Return on Assets (“ROA”) and Return on Equity (“ROE”). We find that there is a significant positive relation between corporate governance and firm performance for our sample of Singapore Exchange listed firms. By inputting the GTI into our cross-sectional regression models, it can also be used to predict firm performance in the next period. However, upon examining the causal relation between corporate governance and firm performance, our results were inconclusive possibly due to the lack of data over a longer period of time. We conclude that the finding is consistent with the notion that firms are in an optimal state of corporate governance structure and any over-compliance in corporate governance have little effect on firm performance. BUSINESS 2013-04-04T09:17:37Z 2013-04-04T09:17:37Z 2013 2013 Final Year Project (FYP) http://hdl.handle.net/10356/51552 en Nanyang Technological University 67 p. application/pdf
institution Nanyang Technological University
building NTU Library
continent Asia
country Singapore
Singapore
content_provider NTU Library
collection DR-NTU
language English
topic DRNTU::Business
spellingShingle DRNTU::Business
Ong, Siling.
Seah, Yong Soon.
Chong, Felicia Hui Qin.
Corporate governance and firm performance.
description This paper examines the relation between corporate governance and firm performance among Singapore firms. We use the recently developed Governance and Transparency Index (“GTI”) to measure corporate governance and examine the effect of governance on firm performance, as measured by Tobin’s Q, Return on Assets (“ROA”) and Return on Equity (“ROE”). We find that there is a significant positive relation between corporate governance and firm performance for our sample of Singapore Exchange listed firms. By inputting the GTI into our cross-sectional regression models, it can also be used to predict firm performance in the next period. However, upon examining the causal relation between corporate governance and firm performance, our results were inconclusive possibly due to the lack of data over a longer period of time. We conclude that the finding is consistent with the notion that firms are in an optimal state of corporate governance structure and any over-compliance in corporate governance have little effect on firm performance.
author2 Angie Low An Chee
author_facet Angie Low An Chee
Ong, Siling.
Seah, Yong Soon.
Chong, Felicia Hui Qin.
format Final Year Project
author Ong, Siling.
Seah, Yong Soon.
Chong, Felicia Hui Qin.
author_sort Ong, Siling.
title Corporate governance and firm performance.
title_short Corporate governance and firm performance.
title_full Corporate governance and firm performance.
title_fullStr Corporate governance and firm performance.
title_full_unstemmed Corporate governance and firm performance.
title_sort corporate governance and firm performance.
publishDate 2013
url http://hdl.handle.net/10356/51552
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