Using the Ordinary Least Square (OLS) estimation technique based on a sample of 180 listed firms from 2008 to 2018, this study investigates the impact of institutional ownership on firm performance in the Bangladeshi setting. Consistent with the “active monitoring” view, the results indicate that both domestic and foreign institutional investors have a positive effect on firm performance measured by Tobin’s Q and Return on Asset (ROA). In addition, this study explores whether the other corporate governance attributes—board size and board independence—operate as mediators between institutional ownership and firm performance. Our findings indicate that both board size and board independence have a significant positive impact on the relationship between institutional ownership and firm performance.
This study investigates the impact of corporate governance on corporate environmental performance among Japanese companies listed on the Tokyo Stock Exchange for the period 2006–2019. Using fixed-effects modelling for 4617 firm-year observations from 2006–2019, we demonstrate that board independence, board diversity, and the presence of environmental management committees are significantly associated with improved environmental performance. However, a large board reduces the environmental performance, and CEO duality does not appear to be a significant factor affecting a firm’s environmental performance. Additionally, we show a consistent result when we proxy environmental performance by total carbon emissions.