The Influence of Corporate Governance on The Financial  Performance of The Asian Stock Market of Large Companies

Maytham Taha Yaseen; Esraa Mohammed Hasan; Sawsan Fadhil  Jasim; Salam  Radhi Kadhim; Yousif Mousa Sabti

doi:10.48165/sajssh.2024.5412

Authors

Maytham Taha Yaseen Crystal Scientific Bureau for Adv. drugs & Medical Supplies
Esraa Mohammed Hasan Al Ahram Towers Company for General Trade and Home Appliances Manufacturing
Sawsan Fadhil Jasim Basra University for Oil and Gas, College of Industrial Management for Oil and Gas, Department of Economics of Oil & Gas
Salam Radhi Kadhim Department of Accounting, Administrative and Finance science College, Imam Ja'afar Al-Sadiq University, Iraq
Yousif Mousa Sabti Department of Accounting, Administrative and Finance science College, Imam Ja'afar Al-Sadiq University, Iraq

DOI:

https://doi.org/10.48165/sajssh.2024.5412

Keywords:

corporate governance, financial performance, Asian stock market

Abstract

The research aimed to know the impact of corporate governance with its variables (board size and board independence) on the financial performance of large Asian companies in the stock market. To achieve the research objectives, the study used the analytical approach and collected data from the stock market from 2019 to 2023 for 118 large company. Financial performance was also evaluated by using the rate of return on assets. The results concluded that there is a positive and important relationship between corporate governance with its variables (board size and board independence) with financial performance. The study indicates increased awareness and interest by the management of public shareholding companies regarding the importance of adhering to the rules of governance.

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