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Impact of Corporate Governance on Financial Resilience During COVID-19 in Bangladesh

Year: 2025

Type: article

Abstract: Through analysis of pre-pandemic and pandemic data (2019–2024), this study examines the associations of board size, board independence, ownership concentration, and audit committee with financial resilience (profitability, liquidity, and leverage), respectively. Companies with strong profitability, stable liquidity, and sustainable leverage are the most resilient during market disruptions. While firms that could not buffer themselves against financial shocks either broke or had to adapt to a more dysfunctional long-term way of operating even during times of steady state, emerging evidence indicates strong governance frameworks during steady state allowed the firm to be more fluid and responsive to changing environments during crisis events .

Source: International Journal For Multidisciplinary Research

DOI: 10.36948/ijfmr.2025.v07i02.38189

Authors: G M YEASRIFUL ISLAM -, MD. MAHFUZUR RAHMAN -, MD. ZAMIUR RAHMAN TUSHAR -

Language: English

Topic: Corporate Finance and Governance

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: hybrid

OpenAlex ID: W4408169173

FWCI:

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