The Nexus Between Corporate Governance and Firm Performance During COVID-19 Pandemic in Sri Lanka

Journal of Economics, Finance and Accounting Studies

View Publication Info
 
 
Field Value
 
Title The Nexus Between Corporate Governance and Firm Performance During COVID-19 Pandemic in Sri Lanka
 
Creator M. Farwis
M.M Siyam
MCA. Nazar
MACF. Aroosiya
 
Subject COVID19, corporate governance, firm performance, Sri Lanka
 
Description The COVID-19 has redefined the world operation. Specially COVID-19 pandemic shows a higher impact on the business field. Accordingly, this study aims to find the impact of corporate governance on firm performance during the Covid-19 pandemic in Sri Lanka. The quantitative methodology deployed and secondary data was collected from 27 companies listed in Colombo Stock Exchange (CSE) for 209 and 2020. The results depicted that pandemic has affected the Corporate Governance (CG) measures unfavorably. Further, board size and qualification of director’s show a positive association between firm performance meantime, NED proportion, Gender diversity, Board meeting, Audit committee size and Audit committee meeting show a negative association between firm performance. It clearly reveals that COVID-19 severely impact the corporate governance attributes and firm performance. The corporate management, regulators, and investors must consider the board’s board size and qualification to recover the corporate sector in any crisis. This study provides a unique contribution to the literature of COVID-19 and firm performance in emerging economies. 
 
Publisher Al-Kindi Center for Research and Development
 
Date 2021-05-31
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Identifier https://al-kindipublisher.com/index.php/jefas/article/view/1756
10.32996/jefas.2021.3.1.8
 
Source Journal of Economics, Finance and Accounting Studies ; Vol. 3 No. 1 (2021): Journal of Economics, Finance and Accounting Studies; 81-88
2709-0809
 
Rights https://creativecommons.org/licenses/by/4.0/
 

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