Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/275044 
Year of Publication: 
2022
Citation: 
[Journal:] Journal of Risk and Financial Management [ISSN:] 1911-8074 [Volume:] 15 [Issue:] 12 [Article No.:] 567 [Year:] 2022 [Pages:] 1-17
Publisher: 
MDPI, Basel
Abstract: 
Using the Ordinary Least Square (OLS) estimation technique based on a sample of 180 listed firms from 2008 to 2018, this study investigates the impact of institutional ownership on firm performance in the Bangladeshi setting. Consistent with the "active monitoring" view, the results indicate that both domestic and foreign institutional investors have a positive effect on firm performance measured by Tobin's Q and Return on Asset (ROA). In addition, this study explores whether the other corporate governance attributes-board size and board independence-operate as mediators between institutional ownership and firm performance. Our findings indicate that both board size and board independence have a significant positive impact on the relationship between institutional ownership and firm performance.
Subjects: 
foreign ownership
ROA
board independence
board ownership
domestic ownership
institutional ownership
Tobin's Q
JEL: 
G01
G32
G33
G34
G38
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.