The document outlines a study examining the impact of various corporate governance factors on the financial performance of shipping firms in Bangladesh. It investigates the effect of board ownership, leadership, composition, size, and firm size on return on assets. Survey data was collected from 24 shipping companies and analyzed using pooled regression. The results found that board ownership, leadership, size, and firm size had a statistically significant positive impact on performance based on factual analysis. However, the perceptional analysis found only board leadership positively impacted performance.

1. Corporate governance, board practices
and performance of shipping firms in Bangladesh
by Wahidul Sheikha, Khairul Alom

2.  Research Objectives
The objectives of the study are:
 1. To examine the impact of Board Ownership on Firm Performance.
 2. To examine the impact of Board Leadership on Firm Performance.
 3. To examine the impact of Board Composition on Firm Performance.
 4. To examine the impact of Board Size on Firm Performance.
 5. To examine the impact of Firm Size on Firm Performance.

3.  Research Questions
Following questions are organized in order to achieve the research
objectives
 1. Does the board ownership effect the firm performance?
 2. Does the board leadership effect the firm performance?
 3. Does the board composition effect the firm performance?
 4. Does the board size effect the firm performance?
 5. Does the firm size effect the firm performance?

4.  Variables
 Dependent Variable
Firm Performance (Return on Assets ROA)
 Independent Variables
Board Ownership, Board Leadership, Board Composition,
Board Size, Firm Size

5.  Framework

6.  Hypotheses (factual and perceptional)
 H1. Board ownership (i.e. more than 5% equity stake) has positive effect on firm performance.
 H2. Board leadership (joint versus separate) has a direct positive effect on firm performance.
 H3. Board composition (family centric versus diverse) has positive influence on firm performance.
 H4. Board Size (small versus large board) has positive effect on firm performance.
 H5. Firm size has direct positive effect on firm performance.

7.  Methodology
Element of Research Description
Research Philosophy Positivism
Research Approach Pooled Regression
Research Strategy Survey Research
Time Horizon Cross-Sectional OLS
Data Collection Through Survey
Research Design Explanatory Research Design
Sample Size 24 Companies
Sampling Technique Convenient Cluster Sampling
Technique
Industry Shipping

8.  Analysis (factual vs perceptional)

9.  Results (Factual)
 H1. Board Ownership (i.e., more than 5% equity stake) has positive effect on firm
performance. (Accepted)
 H2. Board Leadership (separate versus joint structure) has a direct positive effect on firm
performance. (Accepted)
 H3. Board Composition (family centric versus diverse) has positive influence on firm
performance. (Rejected)
 H4. Board Size (small versus large) has positive impact on firm performance. (Accepted)
 H5. Firm Size has direct positive effect on firm performance. (Accepted)

10.  Results (Perceptional)
 H1. Board Ownership (i.e., more than 5% equity stake) has positive effect on firm
performance. (Rejected)
 H2. Board Leadership (separate versus joint structure) has a direct positive effect on firm
performance. (Accepted)
 H3. Board Composition (family centric versus diverse) has positive influence on firm
performance. (Rejected)
 H4. Board Size (small versus large) has positive impact on firm performance. (Rejected)
 H5. Firm Size has direct positive effect on firm performance. (Rejected)

11. Thank
you!