MANAGEMENT AND ACCOUNTING REVIEW

 


Register/Login

   
https://mar.uitm.edu.my   ISSN: 2600-7975   eISSN:2550-1895   Frequency: Three times a year      

Indexing

SCImago Journal & Country Rank

     
  • Ulrichs (www.ulrichweb.com)
  • Focus (Journals and Conference Proceedings)
  • UiTM Institutional Repositories (ePrints)

 

Volume 23 No. 3, December 2024

MANAGEMENT AND ACCOUNTING REVIEW, VOLUME 23 NO. 3, DECEMBER 2024

The Effect of Corporate Governance Mechanisms on Corporate Performance in Malaysia During COVID-19 Pandemic


Muhammad Hafiz Muhamud Fuzi1, Mohd Taufik Mohd Suffian2♣ , Mohammad Rokibul Kabir3 and Nor Bahiyah Omar2

1MBSB Bank Berhad, Menara MBSB Bank, Petaling Jaya, Selangor

2Faculty of Accountancy, Universiti Teknologi MARA, Perak, Malaysia

3Department of Business Administration, Daffodil University, Birulia 1216, Bangladesh



ABSTRACT

This research aimed to explore how corporate governance mechanisms affect the performance of firms in Malaysia. The study focused on 135 companies listed in the Bursa Malaysia Main Market within the consumer sector, covering the years 2020 and 2021. The dependent variable in this investigation was firm performance, while the independent variables were corporate governance mechanisms, specifically board size, board independence, board meetings, and board expertise. Amidst the COVID-19 pandemic, all aspects of companies, including corporate performance, governance structure, dividend, liquidity, and leverage level, were impacted. However, there remains a lack of a comprehensive understanding of the specific effects of the pandemic on these factors. Therefore, this study sought to shed light on how corporate governance mechanisms influenced corporate performance during the COVID-19 pandemic in Malaysia. The analysis revealed varied outcomes concerning the impact of board size, board independence, and board meetings on corporate performance; in which only board meetings were significantly related to corporate performance. This research contributes to the existing but limited body of literature by providing empirical evidence of the relationship between corporate governance mechanisms and corporate performance during the COVID-19 pandemic in Malaysia.

Keywords: Corporate Governance, Corporate Performance, COVID-19, Consumer Product

Corresponding Author: Mohd Taufik Mohd Suffian; Faculty of Accountancy, Universiti Teknologi MARA, Perak Branch, Tapah Campus, 35400 Tapah Road, Perak, Malaysia; Email: taufik815@uitm.edu.my; Tel: +60194129586

ARTICLE INFO
Article History:
Received:
22 August 2023
Accepted:
10 June 2024
Available online:
01 December 2024

Accounting Research Institute (ARI), Level 12, Menara SAAS, Universiti Teknologi MARA (UiTM), 40450 Shah Alam, Selangor, MALAYSIA
Tel: +603 5544 4829   |   Fax : +603 5544 4992

Please publish modules in offcanvas position.