Impacts of Board Characteristics on Corporate Performance: Evidence from Bangladeshi Listed Companies

Abstract

The purpose of this study is to explore the Impacts of Board Characteristics on Corporate Performance based on Bangladeshi listed companies. To support this study I set up 5 board Characteristics and 3 tools for corporate performance- ROA, ROE, and LOG of Turnover. Sample size was 101 listed companies. Basically, I took one third (1/3) of each industry. Annual reports was used for the data collection and I used annual report of 2015- 2016 for the fiscal year and 2016 for the calendar year. To test the impacts, hypothesis was being tested at 1%, 5%, and 10% significant level and there I found some correlation between Board Characteristics and Corporate performance. This study will ensure Bangladeshi companies to focus perfectly on Board Characteristics. This study indicates a mixed results there are both positive and negative link between board characteristics and corporate performance. If Bangladeshi companies focus its board characteristics perfectly they will have a good balance on corporate performance though all the characteristics don’t have the influencing power.