Impact of Organizational Characteristics on Adoption of Corporate Governance Reforms in the Banking Sector: A Study for an Emerging Economy

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Abstract

This study explores the relationships between organizational antecedents and the adoption of corporate governance reforms in the Nepalese commercial banking sector since 2012. The major source of data were self-constructed corporate disclosure index and other relevant organizational characteristics. Panel dataset was constructed with hand-collected data from 203 annual reports of commercial banks in Nepal covering the years 2012-2020. Findings suggest expected relationships between firm size, listed age, board independence, the size of the audit committee with corporate governance disclosure. Firm’s capital adequacy ratio has not been explored in past researches. The study shows significant and positive association between corporate adequacy ratio and governance disclosure. The study has additional policy implications in determining which firm specific antecedents significantly determine adoption of corporate governance code. A cross-comparative study dealing with adoption of corporate governance code and exploration of meso and macro level antecedents have the possibility to extend the study further.
Original languageEnglish
Peer-reviewed scientific journalFOCUS: Journal of International Business
Volume8
Issue number1
Pages (from-to)26-53
Number of pages28
ISSN2347-4459
DOIs
Publication statusPublished - 03.06.2021
MoE publication typeA1 Journal article - refereed

Keywords

  • 512 Business and Management
  • Corporate governance reforms
  • Corporate Banking Sector
  • Agency theory

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