The influence of financial sustainability of the corporate governance features on the firm’s performance
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Najat Shakir Mahmood, Salah Chyad Kadhim, Khudhur Abbas Jabbar, Hussein Falah Hasan, Hussein Kadhim Sharaf 
, Ali Saad Alwan
This work is licensed under a Creative Commons Attribution 4.0 International License.
Abstract
This study examines how corporate governance improvements affect the Tehran Stock Exchange (TSE)-listed enterprises’ stock market performance. The purpose of this study is to investigate corporate governance, namely the independence of the chief executive officer (CEO), auditor, board, and ownership. The statistic known as return on assets is used to evaluate the success of a company. The statistical population for the study was chosen from among the one hundred firms that were registered on the Iraqi Stock Exchange (ISX) during the years 2014 and 2019. Both the ordinary least squares and the multiple mixed regression methods were utilized in order to assess the hypotheses of the investigation. In their respective studies, Almagsoosi et al. (2022) and Abd Mohammed et al. (2022) suggest doing general, small, and big organization evaluations. At both the company-wide and small-business levels, the research discovered that there was no correlation between the performance of ownership concentration firms and the implementation of corporate governance changes. The independence of the CEO, auditor, and board of directors (BoD) has been altered. Alterations to the independence of BoDs have a detrimental effect on the corporate governance of important firms. There is not much of an impact that advances in corporate governance have on the actual performance of large companies.
Keywords: Corporate Governance Changes, Financial Performance, Company Size, Sustainability
Authors’ individual contribution: Conceptualization — N.S.M., S.C.K., and H.F.H.; Methodology — K.A.J.; Investigation — K.A.J. and H.K.S.; Resources — K.A.J. and A.S.A.; Writing — N.S.M., S.C.K., and H.F.H.; Supervision — S.C.K. and H.K.S.; Funding Acquisition — A.S.A.
Declaration of conflicting interests: The Authors declare that there is no conflict of interest.
JEL Classification: A1, E0, G34, H0
Received: 29.10.2023
Accepted: 20.12.2024
Published online: 25.12.2024
How to cite this paper: Mahmood, N. S., Kadhim, S. C., Jabbar, K. A., Hasan, H. F., Sharaf, H. K., & Alwan, A. S. (2024). The influence of financial sustainability of the corporate governance features on the firm’s performance. Corporate Law & Governance Review, 6(4), 152–161. https://doi.org/10.22495/clgrv6i4p14
