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firm performance. The findings revealed a decreasing trend of the financial performance of the sample companies over the two-year period which this
study attributes to the recent global financial meltdown. In terms of corporate governance compliance, the results showed that there were cases of non-
compliance of the basic requirements of the corporate governance code in Malaysia even after the revised code in 2007. In addition, the multiple
regression results showed that only board meetings had significant negative association with firm performance following the revised code. None of the
other variables had significant impact on firm performance before and after the revised code. Firm size and leverage, as control variables, however,
showed significant association with firm performance. Abdifatah et al, 2014
3. The Implementation of Good Corporate Governance and Its Impact on
Corporate Performance: The Mediation Role of Firm Size Empirical Study from Indonesia.
This research aims is to examine the effect of good corporate governance implementation on corporate performance as measured by EVA. This research
use manufacture companies which are listed in Indonesian Stock Exchange period 2006-2010 as the samples, purposive sampling was used to determine
sample criteria which are: go public manufacturing companies in period 2006- 2010 which consistently publish annual report and financial report on the
website of Indonesia Stock Exchange IDX of its own site: companies that have selected as the 40 companies with the larger size. Path analysis was
conducted to shows its direct and indirect effect of each path. The result of
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this research shows that implementation of GCG can effect directly on corporate performance as measured by EVA, and it shows effect indirectly
through firm size. In other word, firm size has a mediation role in impact the good corporate governance implementation on corporate performance.
Nur‘ainy et al, 2013
4. The Corporate Governance as a value driver for Firm Performance:
Evidence from India.
The study was examined the corporate governance issues India and establish the relationship between corporate governance and financial
performance. The sample comprises 141 companies belonging to the ―A‖ group India, a composite measure of corporate governance is developed
comprising three indicators – legal, board and proactive indicators. Data on
the three indicators and financial performance were procured from secondary sources. In the step-wise multiple regression analysis, the influence of these
three indicators and the composite measure of corporate governance was examined on firm performance after controlling the confounding effects of
firm size. The board and the proactive indicators influence the firm performance significantly whereas legal compliance indicator does not do so.
The composite corporate governance measure is a good predictor of firm performance.
Mishra et al, 2014
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5. Corporate Governance and Firm Performance: A Study of Sri Lankan
