Corporate governance and firm performance : a study of family and non-family controlled firms in Singapore.
For this research, we aim to investigate the relationship between corporate governance mechanisms and financial performance of firms, across family-controlled firms and non-family controlled firms. The research was conducted in Singapore due to the increasing studies undertaken in the field of famil...
| Principais autores: | , , |
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| Outros Autores: | |
| Formato: | Final Year Project (FYP) |
| Idioma: | English |
| Publicado em: |
2013
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| Assuntos: | |
| Acesso em linha: | http://hdl.handle.net/10356/51418 |
| _version_ | 1826119475123978240 |
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| author | Chua, Ang Hong. Ho, Chuan Lui. Tee, Bryan Chin Siang. |
| author2 | Ho Kim Wai |
| author_facet | Ho Kim Wai Chua, Ang Hong. Ho, Chuan Lui. Tee, Bryan Chin Siang. |
| author_sort | Chua, Ang Hong. |
| collection | NTU |
| description | For this research, we aim to investigate the relationship between corporate governance mechanisms and financial performance of firms, across family-controlled firms and non-family controlled firms. The research was conducted in Singapore due to the increasing studies undertaken in the field of family firms worldwide, coupled with the lack of understanding in this field in Singapore. A total of 100 companies were studied over the period of 2009 to 2011 from the Singapore Exchange Mainboard based on their market capitalisation. 4 corporate governance mechanisms were chosen for this study, namely Board Composition, Directors’ Qualifications, Board Meetings and Leadership Structure. These mechanisms were tested for their association through 5 hypotheses with 3 indicators of financial performance: Return on Assets, Tobin’s Q and Operating Cash Flow, with firm size taken as a control variable. A variety of statistical techniques were utilised, from correlation analysis to panel data regression, to further ascertain the associations. Directors’ Qualifications and Leadership Structure were found to influence financial performance for family firms. On the other hand, Board Meetings was significant in influencing financial performance for non-family firms. In conclusion, varying results from the research is an indication that there may be an over-emphasis on corporate governance mechanisms on analysing the financial performance of companies. |
| first_indexed | 2024-10-01T05:00:58Z |
| format | Final Year Project (FYP) |
| id | ntu-10356/51418 |
| institution | Nanyang Technological University |
| language | English |
| last_indexed | 2024-10-01T05:00:58Z |
| publishDate | 2013 |
| record_format | dspace |
| spelling | ntu-10356/514182023-05-19T05:41:34Z Corporate governance and firm performance : a study of family and non-family controlled firms in Singapore. Chua, Ang Hong. Ho, Chuan Lui. Tee, Bryan Chin Siang. Ho Kim Wai Nanyang Business School DRNTU::Business::Finance::Corporate governance For this research, we aim to investigate the relationship between corporate governance mechanisms and financial performance of firms, across family-controlled firms and non-family controlled firms. The research was conducted in Singapore due to the increasing studies undertaken in the field of family firms worldwide, coupled with the lack of understanding in this field in Singapore. A total of 100 companies were studied over the period of 2009 to 2011 from the Singapore Exchange Mainboard based on their market capitalisation. 4 corporate governance mechanisms were chosen for this study, namely Board Composition, Directors’ Qualifications, Board Meetings and Leadership Structure. These mechanisms were tested for their association through 5 hypotheses with 3 indicators of financial performance: Return on Assets, Tobin’s Q and Operating Cash Flow, with firm size taken as a control variable. A variety of statistical techniques were utilised, from correlation analysis to panel data regression, to further ascertain the associations. Directors’ Qualifications and Leadership Structure were found to influence financial performance for family firms. On the other hand, Board Meetings was significant in influencing financial performance for non-family firms. In conclusion, varying results from the research is an indication that there may be an over-emphasis on corporate governance mechanisms on analysing the financial performance of companies. BUSINESS 2013-04-02T08:57:01Z 2013-04-02T08:57:01Z 2013 2013 Final Year Project (FYP) http://hdl.handle.net/10356/51418 en Nanyang Technological University 55 p. application/pdf |
| spellingShingle | DRNTU::Business::Finance::Corporate governance Chua, Ang Hong. Ho, Chuan Lui. Tee, Bryan Chin Siang. Corporate governance and firm performance : a study of family and non-family controlled firms in Singapore. |
| title | Corporate governance and firm performance : a study of family and non-family controlled firms in Singapore. |
| title_full | Corporate governance and firm performance : a study of family and non-family controlled firms in Singapore. |
| title_fullStr | Corporate governance and firm performance : a study of family and non-family controlled firms in Singapore. |
| title_full_unstemmed | Corporate governance and firm performance : a study of family and non-family controlled firms in Singapore. |
| title_short | Corporate governance and firm performance : a study of family and non-family controlled firms in Singapore. |
| title_sort | corporate governance and firm performance a study of family and non family controlled firms in singapore |
| topic | DRNTU::Business::Finance::Corporate governance |
| url | http://hdl.handle.net/10356/51418 |
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