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The Effects of Corporate Governance on Financial Performance of Commercial Banks in a Turbulent Economic Environment

Acta Universitatis Danubius. Œconomica, 2020-01, Vol.16 (4), p.164-191 [Peer Reviewed Journal]

2020. This work is published under https://creativecommons.org/licenses/by-nc/4.0/ (the “License”). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License. ;ISSN: 2065-0175 ;EISSN: 2067-340X

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  • Title:
    The Effects of Corporate Governance on Financial Performance of Commercial Banks in a Turbulent Economic Environment
  • Author: Wadesango, Newman ; Mhaka, Charity ; Mugona, Blessing ; Haufiku, Hilja I
  • Subjects: Annual reports ; Audit committees ; Banking industry ; Business Economy / Management ; Central banks ; Commercial banks ; Corporate governance ; corporate governance; financial performance; turbulent economic environment ; Equity ; Financial performance ; Financial services ; Leverage ; Merchant banks ; Politics ; Portfolio performance ; Profitability ; Research design ; Trade ; Volatility
  • Is Part Of: Acta Universitatis Danubius. Œconomica, 2020-01, Vol.16 (4), p.164-191
  • Description: This study sought to investigate the effects of corporate governance on the financial performance of commercial banks in a turbulent economic and political environment. Board size, board composition, audit committee and leverage ratios and how they affected the financial performance of commercial banks in Zimbabwe during different economic and political landscapes were examined. Return on equity (ROE) was used as a measure of bank performance. An explanatory research design was used to investigate the relationship between corporate governance and financial performance of commercial banks in a hostile political and economic landscape. The population of study was 13 commercial banks regulated by the central bank of Zimbabwe. The sample size was5/13 of the total population. Secondary data was collected from the annual reports of the 5commercial banks. The data was gathered exclusively by analyzing the annual reports of the commercial banks for the period 2010 to 2017 and the data was analyzed using EViews 08. The period of study was split into two periods (2010–2013) being a relatively stable economic and political environment and (2014–2017) a period of high political and economic volatility to capture the difference in the political and economic environment. The study found that the employed measures of corporate governance were significant predictors of financial performance of commercial banks in Zimbabwe. The board size, board composition, the subcommittees and leverage were found to be significant in explaining the profitability of commercial banks in Zimbabwe in both periods(stable and turbulent environments). Based on the findings, another study encompassing all corporate governance tenets in different environments should be conducted to assess the full impact of the environment on corporate governance and performance of banks.
  • Publisher: Galati: Danubius University Press
  • Language: English;French
  • Identifier: ISSN: 2065-0175
    EISSN: 2067-340X
  • Source: CEEOL: Open Access
    ROAD: Directory of Open Access Scholarly Resources
    ProQuest Central
    DOAJ Directory of Open Access Journals
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