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Title: :  CORPORATE GOVERNANCE AND FIRM PERFORMANCE: A STUDY IN SRI LANKA
PaperId: :  10272
Published in:   International Journal Of Advance Research And Innovative Ideas In Education
Publisher:   IJARIIE
e-ISSN:   2395-4396
Volume/Issue:    Volume 5 Issue 3 2019
DUI:    16.0415/IJARIIE-10272
Licence: :   IJARIIE is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Author NameAuthor Institute
Hemathilake D H URajarata University of Sri Lanka
Chathurangani HBPRajarata University of Sri Lanka

Abstract

Accounting
Corporate Governance, Firm Performance, Board of Directors, Audit Committee
With the increasing interest in corporate governance, this study aims to observe the relationship between corporate governance practices and firm performance of listed companies in Sri Lanka. It analyzed the association between firm performance and board characteristics plus audit committee characteristics because board of directors and audit committee are integral in corporate governance. A sample of 50 listed companies were selected from the population of 314 companies listed in Colombo Stock Exchange (CSE) in Sri Lanka for the period of 2015-2017. The measurements of firm performance are Return on Equity (ROE), Return on Assets (ROA) and Earnings per Share (EPS) which are dependent variables. CEO duality, board independence, board size, frequency of board meetings, board of directors with financial expertise, audit committee size, audit committee independence, frequency of audit committee meetings and audit committee members with financial expertise were used to measure the independent variable; corporate governance. Proportion of Board members with financial expertise and audit committee independence have significant negative relationship with the firm performance whereas all the other independent variables of corporate governance measures were not significantly correlated with ROE, ROA and EPS as the performance measures. Outcome of the study will help the interested parties of the firm’s to know the level of compliance of corporate governance best practices and will contributes to the prevailing literature related to corporate governance and firm performance.

Citations

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IJARIIE Hemathilake D H U, and Chathurangani HBP. "CORPORATE GOVERNANCE AND FIRM PERFORMANCE: A STUDY IN SRI LANKA" International Journal Of Advance Research And Innovative Ideas In Education Volume 5 Issue 3 2019 Page 705-712
MLA Hemathilake D H U, and Chathurangani HBP. "CORPORATE GOVERNANCE AND FIRM PERFORMANCE: A STUDY IN SRI LANKA." International Journal Of Advance Research And Innovative Ideas In Education 5.3(2019) : 705-712.
APA Hemathilake D H U, & Chathurangani HBP. (2019). CORPORATE GOVERNANCE AND FIRM PERFORMANCE: A STUDY IN SRI LANKA. International Journal Of Advance Research And Innovative Ideas In Education, 5(3), 705-712.
Chicago Hemathilake D H U, and Chathurangani HBP. "CORPORATE GOVERNANCE AND FIRM PERFORMANCE: A STUDY IN SRI LANKA." International Journal Of Advance Research And Innovative Ideas In Education 5, no. 3 (2019) : 705-712.
Oxford Hemathilake D H U, and Chathurangani HBP. 'CORPORATE GOVERNANCE AND FIRM PERFORMANCE: A STUDY IN SRI LANKA', International Journal Of Advance Research And Innovative Ideas In Education, vol. 5, no. 3, 2019, p. 705-712. Available from IJARIIE, https://ijariie.com/AdminUploadPdf/CORPORATE_GOVERNANCE_AND_FIRM_PERFORMANCE__A_STUDY_IN_SRI_LANKA_ijariie10272.pdf (Accessed : 15 October 2024).
Harvard Hemathilake D H U, and Chathurangani HBP. (2019) 'CORPORATE GOVERNANCE AND FIRM PERFORMANCE: A STUDY IN SRI LANKA', International Journal Of Advance Research And Innovative Ideas In Education, 5(3), pp. 705-712IJARIIE [Online]. Available at: https://ijariie.com/AdminUploadPdf/CORPORATE_GOVERNANCE_AND_FIRM_PERFORMANCE__A_STUDY_IN_SRI_LANKA_ijariie10272.pdf (Accessed : 15 October 2024)
IEEE Hemathilake D H U, and Chathurangani HBP, "CORPORATE GOVERNANCE AND FIRM PERFORMANCE: A STUDY IN SRI LANKA," International Journal Of Advance Research And Innovative Ideas In Education, vol. 5, no. 3, pp. 705-712, May-Jun 2019. [Online]. Available: https://ijariie.com/AdminUploadPdf/CORPORATE_GOVERNANCE_AND_FIRM_PERFORMANCE__A_STUDY_IN_SRI_LANKA_ijariie10272.pdf [Accessed : 15 October 2024].
Turabian Hemathilake D H U, and Chathurangani HBP. "CORPORATE GOVERNANCE AND FIRM PERFORMANCE: A STUDY IN SRI LANKA." International Journal Of Advance Research And Innovative Ideas In Education [Online]. volume 5 number 3 (15 October 2024).
Vancouver Hemathilake D H U, and Chathurangani HBP. CORPORATE GOVERNANCE AND FIRM PERFORMANCE: A STUDY IN SRI LANKA. International Journal Of Advance Research And Innovative Ideas In Education [Internet]. 2019 [Cited : 15 October 2024]; 5(3) : 705-712. Available from: https://ijariie.com/AdminUploadPdf/CORPORATE_GOVERNANCE_AND_FIRM_PERFORMANCE__A_STUDY_IN_SRI_LANKA_ijariie10272.pdf
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