Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/231671 
Year of Publication: 
2019
Citation: 
[Journal:] Financial Studies [ISSN:] 2066-6071 [Volume:] 23 [Issue:] 1 (83) [Publisher:] Romanian Academy, National Institute of Economic Research (INCE), "Victor Slăvescu" Centre for Financial and Monetary Research [Place:] Bucharest [Year:] 2019 [Pages:] 6-24
Publisher: 
Romanian Academy, National Institute of Economic Research (INCE), "Victor Slăvescu" Centre for Financial and Monetary Research, Bucharest
Abstract: 
This study seeks to see the level of impacts that different corporate governance mechanisms has on financial performance of banks in Ethiopia. Explanatory research design was used in establishing the casual effect relationship between corporate governance variables and banks financial performance measures. Secondary data were collected from the banks' annual reports and the NBE. The study utilized panel data analysis methodology in drawing conclusion about the study covering ten-year period from 2006-2015. The fixed effect model was applied to allow heterogeneity among 7 banks. The regression results show that presence of female directors and industry specific experience of directors has positive and significant effects on financial performance of private banks while number of board committees has significant negative effects on bank performance. The study results implied that stakeholders should give prior considerations to the presence of female directors and industry specific experience of directors when they set governance policy for industry in general and for the bank in particular.
Subjects: 
Agency theory
banks
financial performance
JEL: 
G34
Creative Commons License: 
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Document Type: 
Article

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