Managing corporate governance management of family firms in South Asia: evidence from Bangladesh and Sri Lanka
by Jashim Uddin Ahmed; Shahzada M. Imran; S.M. Musa; Rakibul Hasan
International Journal of Corporate Governance (IJCG), Vol. 7, No. 1, 2016

Abstract: This study is an attempt to explore the corporate governance (CG) practices in the family firms of Bangladesh and Sri Lanka. Here, special emphasis has been given to finding out the level of board independence in the family firms of two selected countries. To understand the CG environment of the selected firms both descriptive statistics and ordinary least squares (OLS) regression analyses have been used. Based on the findings, study shows that the level of board independence in Bangladeshi and Sri Lankan family firms is very weak though Sri Lankan firms have relatively better board independence compared to Bangladeshi firms. Another finding of the study is that most of the family firms of both countries have chief executive officer (CEO) from the controlling family. Finding of high level of family ownership also indicates the tendency of keeping management control by the family members. Results on the relationship of board independence with family ownership and family CEO show some significant relationships. This study finds significant positive impact of family ownership on board independence. However, findings of the study show that there is a positive and significant impact of family CEO on the positive relationship between the board independence and family ownership.

Online publication date: Sat, 30-Jul-2016

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Corporate Governance (IJCG):
Login with your Inderscience username and password:

    Username:        Password:         

Forgotten your password?


Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com