Meta-analysis of corporate governance in Asia
Research on corporate governance has been conducted extensively over the past few decades. However, the result of various studies failed to produce conclusive insight. This study is aimed at identifying, classifying, analyzing and interpreting previous research on corporate governance in Asia by usi...
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| Format: | Article |
| Language: | English |
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LLC "CPC "Business Perspectives"
2018-06-01
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| Series: | Investment Management & Financial Innovations |
| Subjects: | |
| Online Access: | https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/10489/imfi_2018_02_Lukviarman.pdf |
| _version_ | 1823998958315241472 |
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| author | Niki Lukviarman Arief Prima Johan |
| author_facet | Niki Lukviarman Arief Prima Johan |
| author_sort | Niki Lukviarman |
| collection | DOAJ |
| description | Research on corporate governance has been conducted extensively over the past few decades. However, the result of various studies failed to produce conclusive insight. This study is aimed at identifying, classifying, analyzing and interpreting previous research on corporate governance in Asia by using meta-analytical approach. By using the HOMA (Hedges-Olkin Meta-Analytical) procedures, the current study collected eighty articles from journals ranging from 1999 until 2017. Data were gathered from empirical scientific papers. Through rigorous research process, the current study found that most previous research on corporate governance in Asia observed the patterns of influence of various types of ownership structure and board characteristics on corporate performance. Ownership by family, government, and management tend to have a negative impact on performance, whilst institutional ownership and foreign ownership show positive effect on performance. The study reveals inconsistent result for frequency of board meetings, existence of family members on board, outside director, and board independence towards performance. Similar finding appeared for the relationship of performance to women on board and CEO duality. CGPI as the Corporate Governance Perception index and board size were found to have a positive consistency on performance. Apart from limitations of the study, the result suggests that there exists institutional and environmental specificity in the study of corporate governance in Asia that may be different from other context of study so that future researcher need to take a precaution of this matter. |
| first_indexed | 2024-12-18T17:36:52Z |
| format | Article |
| id | doaj.art-11c48b4d7fee410eb235d69cfc8ffe44 |
| institution | Directory Open Access Journal |
| issn | 1810-4967 1812-9358 |
| language | English |
| last_indexed | 2024-12-18T17:36:52Z |
| publishDate | 2018-06-01 |
| publisher | LLC "CPC "Business Perspectives" |
| record_format | Article |
| series | Investment Management & Financial Innovations |
| spelling | doaj.art-11c48b4d7fee410eb235d69cfc8ffe442022-12-21T20:59:19ZengLLC "CPC "Business Perspectives"Investment Management & Financial Innovations1810-49671812-93582018-06-0115226728010.21511/imfi.15(2).2018.2410489Meta-analysis of corporate governance in AsiaNiki Lukviarman0Arief Prima Johan1Professor, DBA, MBA, Professor of Corporate Governance, Department of Accounting, Andalas University, PadangB.B.A, M.Sc., Lecturer and Researcher, Department of Management, Andalas UniversityResearch on corporate governance has been conducted extensively over the past few decades. However, the result of various studies failed to produce conclusive insight. This study is aimed at identifying, classifying, analyzing and interpreting previous research on corporate governance in Asia by using meta-analytical approach. By using the HOMA (Hedges-Olkin Meta-Analytical) procedures, the current study collected eighty articles from journals ranging from 1999 until 2017. Data were gathered from empirical scientific papers. Through rigorous research process, the current study found that most previous research on corporate governance in Asia observed the patterns of influence of various types of ownership structure and board characteristics on corporate performance. Ownership by family, government, and management tend to have a negative impact on performance, whilst institutional ownership and foreign ownership show positive effect on performance. The study reveals inconsistent result for frequency of board meetings, existence of family members on board, outside director, and board independence towards performance. Similar finding appeared for the relationship of performance to women on board and CEO duality. CGPI as the Corporate Governance Perception index and board size were found to have a positive consistency on performance. Apart from limitations of the study, the result suggests that there exists institutional and environmental specificity in the study of corporate governance in Asia that may be different from other context of study so that future researcher need to take a precaution of this matter.https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/10489/imfi_2018_02_Lukviarman.pdfAsiaboard of directorscorporate governancemeta-analysisownership |
| spellingShingle | Niki Lukviarman Arief Prima Johan Meta-analysis of corporate governance in Asia Investment Management & Financial Innovations Asia board of directors corporate governance meta-analysis ownership |
| title | Meta-analysis of corporate governance in Asia |
| title_full | Meta-analysis of corporate governance in Asia |
| title_fullStr | Meta-analysis of corporate governance in Asia |
| title_full_unstemmed | Meta-analysis of corporate governance in Asia |
| title_short | Meta-analysis of corporate governance in Asia |
| title_sort | meta analysis of corporate governance in asia |
| topic | Asia board of directors corporate governance meta-analysis ownership |
| url | https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/10489/imfi_2018_02_Lukviarman.pdf |
| work_keys_str_mv | AT nikilukviarman metaanalysisofcorporategovernanceinasia AT ariefprimajohan metaanalysisofcorporategovernanceinasia |