Corporate governance and banks' productivity evidence from the banking industry in Bangladesh

摘要

Though remarkable literature exploring productivity and efficiency hasemerged since the last half of the previous century, but dearth studies have beenfound in showing the impact of corporate governance on banks’ productivity. Thestudy aims to investigate the banks’ productivity and its relationship with corporategovernance. For this purpose, the study examines the productivity of 30 listed banksof Bangladesh deploying a Malmquist Productivity Index (an extension of DataEnvelopment Analysis) with a panel data covering the period of five years from2013 to 2017. The empirical results show that the average productivity of the banksis 1.03%. Finally, the ordinary least square (OLS), fixed effect (FE), and randomeffect (RE) regression were run separately. The research outcomes show that theproductivity of the Bangladeshi banks is significantly influenced by financial per-formance, ownership structure, and board characteristics. The study provides theresearchers, academicians, management of the banks, and regulatory body a newinsight of how corporate governance influences the banks’ productivity so that theycan formulate a better policy to generate more productivity.