RELATIONSHIP BETWEEN CORPORATE GOVERNANCE AND FINANCIAL PERFORMANCE OF MANUFACTURING FIRMS THROUGH MODERATING ROLE OF ISO14001

http://dx.doi.org/10.31703/gssr.2023(VIII-II).52      10.31703/gssr.2023(VIII-II).52      Published : Jun 2
Authored by : Nosheen Rasool , Zunaira Zulfiqar

52 Pages : 581-591

References

  • Aarts, F. M., & Vos, E. (2001). The impact of ISO registration on New Zealand firms’ performance: a financial perspective. The TQM Magazine, 13(3), 180–191. https://doi.org/10.1108/09544780110384871
  • Ahmed, E., & Hamdan, A. (2015). The impact of corporate governance on firm performance: Evidence from Bahrain Bourse. International Management Review, 11(2), 21-37. http://americanscholarspress.us/journals/IMR/pdf/IMR-2-2015/IMR-v11n2art2.pdf
  • Azeez, A. A. (2015). Corporate Governance and Firm Performance: Evidence from Sri Lanka. Journal of Finance and Bank Management, 3(1), 180–189. https://doi.org/10.15640/jfbm.v3n1a16
  • Berglof, E., & von Thadden, E.-L. (1999). The Changing Corporate Governance Paradigm: Implications for Transition and Developing Countries. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.183708
  • Berkman, H., Zou, L., & Geng, S. (2009). Corporate governance, profit manipulation and stock return. Journal of International Business and Economics, 9(2), 132-145.
  • Bhagat, S., & Bolton, B. (2008). Corporate governance and firm performance. Journal of Corporate Finance, 14(3), 257–273. https://doi.org/10.1016/j.jcorpfin.2008.03.006
  • Birindelli, G., & Chiappini, H. (2020). Climate change policies: Good news or bad news for firms in the European Union? Corporate Social Responsibility and Environmental Management, 28(2), 831–848. https://doi.org/10.1002/csr.2093
  • Black, B. (2001). The corporate governance behavior and market value of Russian firms. Emerging Markets Review, 2(2), 89– 108. https://doi.org/10.1016/s1566-0141(01)00012-7
  • Block, P. (1993). Stewardship: Choosing service over self-interest. Berrett-Koehler Publishers.
  • Brickley, J. A., Coles, J. L., & Terry, R. L. (1994). Outside directors and the adoption of poison pills. Journal of Financial Economics, 35(3), 371–390. https://doi.org/10.1016/0304-405x(94)90038-8
  • Budiharjo, R. (2020). Effect of environmental performance, good corporate governance and leverage on firm value. American Journal of Humanities and Social Sciences Research (AJHSSR), 4(8), 455-464. https://www.ajhssr.com/wp-content/uploads/2020/08/ZZB2048455464.pdf
  • Chen, F., Ngniatedema, T., & Li, S. (2018). A cross-country comparison of green initiatives, green performance and financial performance. Management Decision, 56(5), 1008–1032. https://doi.org/10.1108/md-08-2017-0761
  • Claessens, S., Djankov, S., & Lang, L. H. (1999). Who controls East Asian corporations, and the implications for legal reform. World Bank. https://documents.worldbank.org/pt/publication/documents-reports/documentdetail/123831468762317472/who-controls-east-asian-corporations-and-the-implications-for-legal-reform
  • Core, J. E., Holthausen, R. W., & Larcker, D. F. (1999). Corporate governance, chief executive officer compensation, and firm performance. Journal of Financial Economics, 51(3), 371–406. https://doi.org/10.1016/s0304-405x(98)00058-0
  • CREMERS, K. J. M., & NAIR, V. B. (2005). Governance Mechanisms and Equity Prices. The Journal of Finance, 60(6), 2859– 2894. https://doi.org/10.1111/j.1540-6261.2005.00819.x
  • Dash, S. R., & Raithatha, M. (2019). Corporate governance and firm performance relationship: Implications for risk‐adjusted return behavior. Managerial and Decision Economics, 40(8), 923–940. https://doi.org/10.1002/mde.3080
  • Davis, J. H., Schoorman, F. D., & Donaldson, L. (1997). Davis, Schoorman, and Donaldson Reply: The Distinctiveness of Agency Theory and Stewardship Theory. The Academy of Management Review, 22(3), 611–613. http://www.jstor.org/stable/259407
  • Delbridge, T. R., Bailey, B., Chew, J. L., Conn, A. K. T., Krakeel, J. J., Manz, D., Miller, D. R., O’Malley, P. J., Ryan, S. D., Spaite, D. W., Stewart, R. D., Suter, R. E., & Wilson, E. M. (1998). Ems agenda for the future: Where we are … where we want to be. Prehospital Emergency Care, 2(1), 1–12. https://doi.org/10.1080/10903129808958832
  • Delmas, M. A., & Toffel, M. W. (2008). Organizational responses to environmental demands: opening the black box. Strategic Management Journal, 29(10), 1027–1055. https://doi.org/10.1002/smj.701
  • Doidge, C., Andrewkarolyi, G., & Stulz, R. (2007). Why do countries matter so much for corporate governance?. Journal of Financial Economics, 86(1), 1–39. https://doi.org/10.1016/j.jfineco.2006.09.002
  • Dowell, G., Hart, S., & Yeung, B. (2000). Do Corporate Global Environmental Standards Create or Destroy Market Value? Management Science, 46(8), 1059– 1074. https://doi.org/10.1287/mnsc.46.8.1059.12030
  • Ehikioya, B. I. (2009). Corporate governance structure and firm performance in developing economies: evidence from Nigeria. Corporate Governance: The International Journal of Business in Society, 9(3), 231–243. https://doi.org/10.1108/14720700910964307
  • Erauskin‐Tolosa, A., Zubeltzu‐Jaka, E., Heras‐ Saizarbitoria, I., & Boiral, O. (2019). ISO 14001, EMAS and environmental performance: A meta‐analysis. Business Strategy and the Environment, 29(3), 1145– 1159. https://doi.org/10.1002/bse.2422
  • Gompers, P. A., Ishii, J. L., & Metrick, A. (2003). Corporate Governance and Equity Prices. SSRN Electronic Journal, 118(1), 107–156. https://doi.org/10.2139/ssrn.278920
  • Grotta, R. C., Machado Júnior, C., Souza, M. T. S. de, Ribeiro, D. M. N. M., & Bazanini, R. (2020). Analysis of the affinity of the principles of corporate governance to the ISO 14001 environmental management system standard. Gestão & Produção, 27(2). https://doi.org/10.1590/0104-530x4026-20
  • Guest, P. M. (2008). The determinants of board size and composition: Evidence from the UK. Journal of Corporate Finance, 14(1), 51– 72. https://doi.org/10.1016/j.jcorpfin.2008.01.002
  • He, W., & Shen, R. (2017). ISO 14001 Certification and Corporate Technological Innovation: Evidence from Chinese Firms. Journal of Business Ethics, 158(1), 97–117. https://doi.org/10.1007/s10551-017-3712-2
  • Hillman, A. J., Cannella, A. A., & Paetzold, R. L. (2000). The Resource Dependence Role of Corporate Directors: Strategic Adaptation of Board Composition in Response to Environmental Change. Journal of Management Studies, 37(2), 235–256. https://doi.org/10.1111/1467-6486.00179
  • Hillman, A. J., Withers, M. C., & Collins, B. J. (2019). Resource Dependence Theory: A Review. Journal of Management, 35(6), 1404–1427. https://doi.org/10.1177/0149206309343469
  • Kang, J.-K., & Shivdasani, A. (1995). Firm performance, corporate governance, and top executive turnover in Japan. Journal of Financial Economics, 38(1), 29–58. https://doi.org/10.1016/0304-405x(94)00807-d
  • Kapopoulos, P., & Lazaretou, S. (2007). Corporate Ownership Structure and Firm Performance: Evidence from Greek firms. Corporate Governance: An International Review, 15(2), 144–158. https://doi.org/10.1111/j.1467-8683.2007.00551.x
  • Kinbara, T., & Kaneko, S. (2005). Analyses of environmental management. Hakuto Shobo, Tokyo.
  • Kitazawa, S., & Sarkis, J. (2000). The relationship between ISO 14001 and continuous source reduction programs. International Journal of Operations & Production Management, 20(2), 225–248. https://doi.org/10.1108/01443570010304279
  • KLASSEN, R. D., & VACHON, S. (2009). Collaboration and Evaluation in the Supply Chain: The Impact on Plant-Level Environmental Investment. Production and Operations Management, 12(3), 336–352. https://doi.org/10.1111/j.1937-5956.2003.tb00207.x
  • Kyereboah-Coleman, A. (2007). Relationship between corporate governance and firm performance: An African perspective. https://citeseerx.ist.psu.edu/document?repd=rep1&type=pdf&doi=73277347506af78baad4313269b4786ddcad48a5
  • Latif, B., Shahid, M. N., Haq, M., Waqas, H. M., & Arshad, A. (2013). Impact of corporate governance on firm performance: Evidence from sugar mills of Pakistan. European Journal of Business and Management, 5(1), 51-59.
  • Letza, S., Sun, X., & Kirkbride, J. (2004). Shareholding Versus Stakeholding: a critical review of corporate governance. Corporate Governance, 12(3), 242–262. https://doi.org/10.1111/j.1467-8683.2004.00367.x
  • Li, F., Han, G.-F., Noh, H.-J., Kim, S.-J., Lu, Y., Jeong, H. Y., Fu, Z., & Baek, J.-B. (2018). Boosting oxygen reduction catalysis with abundant copper single atom active sites. Energy & Environmental Science, 11(8), 2263–2269. https://doi.org/10.1039/C8EE01169A
  • Mashayekhi, B., & Bazaz, M. S. (2008). Corporate Governance and Firm Performance in Iran. Journal of Contemporary Accounting & Economics, 4(2), 156–172. https://doi.org/10.1016/s1815-5669(10)70033-3
  • Melnyk, S. A., Sroufe, R. P., & Calantone, R. (2003). Assessing the impact of environmental management systems on corporate and environmental performance. Journal of Operations Management, 21(3), 329–351. https://doi.org/10.1016/s0272-6963(02)00109-2
  • Nakamura, M., Takahashi, T., & Vertinsky, I. (2001). Why Japanese Firms Choose to Certify: A Study of Managerial Responses to Environmental Issues. Journal of Environmental Economics and Management, 42(1), 23–52. https://doi.org/10.1006/jeem.2000.1148
  • Nishitani, K. (2010). An Empirical Analysis of the Effects on Firms’ Economic Performance of Implementing Environmental Management Systems. Environmental and Resource Economics, 48(4), 569–586. https://doi.org/10.1007/s10640-010-9404-3
  • North, D. C. (1990). Institutions, institutional change and economic performance. Cambridge university press.
  • Ong, W.-J., Tan, L.-L., Ng, Y. H., Yong, S.-T., & Chai, S.-P. (2016). Graphitic Carbon Nitride (g-C3N4)-Based Photocatalysts for Artificial Photosynthesis and Environmental Remediation: Are We a Step Closer To Achieving Sustainability? Chemical Reviews, 116(12), 7159–7329. https://doi.org/10.1021/acs.chemrev.6b00075
  • Palea, V., & Drogo, F. (2020). Carbon emissions and the cost of debt in the eurozone: The role of public policies, climate‐related disclosure and corporate governance. Business Strategy and the Environment, 29(8), 2953–2972. https://doi.org/10.1002/bse.2550
  • Pfeffer, J. (1973). Size, Composition, and Function of Hospital Boards of Directors: A Study of OrganizationEnvironment Linkage. Administrative Science Quarterly, 18(3), 349–364. https://doi.org/10.2307/2391668
  • Pi, L., & Timme, S. G. (1993). Corporate control and bank efficiency. Journal of Banking & Finance, 17(2-3), 515–530. https://doi.org/10.1016/0378-4266(93)90050-n
  • Prowse, S. (1999). Corporate Governance in East Asia: a framework for analysis.
  • Prowse, S. D. (1994). Corporate governance in an international perspective: A survey of corporate control mechanisms among large firms in the United States, the United Kingdom, Japan and Germany.
  • Riaz, H., Saeed, A., Liedong, T. A., & Rajwani, T. (2021). Environmental management, nonmarket strategy, and firm performance in emerging markets: The case of ISO 14001. Business Ethics, the Environment & Responsibility, 31(1), 139–163. https://doi.org/10.1111/beer.12402
  • Safitri, V. A. D., & Nani, D. A. (2021). DOES GOOD CORPORATE GOVERNANCE AND ECO–EFFICIENCY REALLY CONTRIBUTE TO FIRM VALUE? AN EMPIRICAL STUDY IN INDONESIAN STATE-OWNED ENTERPRISES (SOES). AKUNTABILITAS, 15(1), 73–88. https://doi.org/10.29259/ja.v15i1.12526
  • Secinaro, S., Brescia, V., Calandra, D., & Saiti, B. (2020). Impact of Climate Change Mitigation Policies on Corporate Financial Performance: Evidence-based on Europeanc Publicly Listed Firms. Corporate Social Responsibility and Environmental Management, 27(6), 2491–2501. https://doi.org/10.1002/csr.1971
  • Shleifer, A., & Vishny, R. W. (1997). A Survey of Corporate Governance. The Journal of Finance, 52(2), 737–783. https://doi.org/10.2307/2329497
  • Stefan, A., & Paul, L. (2008). Does It Pay to Be Green? A Systematic Overview. Academy of Management Perspectives, 22(4), 45–62. https://doi.org/10.5465/amp.2008.35590353
  • Teece, D. J., Pisano, G., & Shuen, A. (1997). Dynamic capabilities and strategic management. Strategic Management Journal, 18(7), 509–533. https://doi.org/10.1002/(SICI)1097-0266(199708)18:7%3C509::AID-SMJ882%3E3.0.CO;2-Z
  • Vo, D. H., & Nguyen, T. M. (2014). The Impact of Corporate Governance on Firm Performance: Empirical Study in Vietnam. International Journal of Economics and Finance, 6(6). https://doi.org/10.5539/ijef.v6n6p1
  • Wen, Y., Rwegasira, K., & Bilderbeek, J. (2002). Corporate Governance and Capital Structure Decisions of the Chinese Listed Firms. Corporate Governance, 10(2), 75–83. https://doi.org/10.1111/1467-8683.00271
  • Yang, M. G. (Mark), Hong, P., & Modi, S. B. (2011). Impact of lean manufacturing and environmental management on business performance: An empirical study of manufacturing firms. International Journal of Production Economics, 129(2), 251–261. https://doi.org/10.1016/j.ijpe.2010.10.017
  • Zollo, M., & Winter, S. G. (2002). Deliberate Learning and the Evolution of Dynamic Capabilities. Organization Science, 13(3), 339–351. https://doi.org/10.1287/orsc.13.3.339.2780

References

  • Aarts, F. M., & Vos, E. (2001). The impact of ISO registration on New Zealand firms’ performance: a financial perspective. The TQM Magazine, 13(3), 180–191. https://doi.org/10.1108/09544780110384871
  • Ahmed, E., & Hamdan, A. (2015). The impact of corporate governance on firm performance: Evidence from Bahrain Bourse. International Management Review, 11(2), 21-37. http://americanscholarspress.us/journals/IMR/pdf/IMR-2-2015/IMR-v11n2art2.pdf
  • Azeez, A. A. (2015). Corporate Governance and Firm Performance: Evidence from Sri Lanka. Journal of Finance and Bank Management, 3(1), 180–189. https://doi.org/10.15640/jfbm.v3n1a16
  • Berglof, E., & von Thadden, E.-L. (1999). The Changing Corporate Governance Paradigm: Implications for Transition and Developing Countries. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.183708
  • Berkman, H., Zou, L., & Geng, S. (2009). Corporate governance, profit manipulation and stock return. Journal of International Business and Economics, 9(2), 132-145.
  • Bhagat, S., & Bolton, B. (2008). Corporate governance and firm performance. Journal of Corporate Finance, 14(3), 257–273. https://doi.org/10.1016/j.jcorpfin.2008.03.006
  • Birindelli, G., & Chiappini, H. (2020). Climate change policies: Good news or bad news for firms in the European Union? Corporate Social Responsibility and Environmental Management, 28(2), 831–848. https://doi.org/10.1002/csr.2093
  • Black, B. (2001). The corporate governance behavior and market value of Russian firms. Emerging Markets Review, 2(2), 89– 108. https://doi.org/10.1016/s1566-0141(01)00012-7
  • Block, P. (1993). Stewardship: Choosing service over self-interest. Berrett-Koehler Publishers.
  • Brickley, J. A., Coles, J. L., & Terry, R. L. (1994). Outside directors and the adoption of poison pills. Journal of Financial Economics, 35(3), 371–390. https://doi.org/10.1016/0304-405x(94)90038-8
  • Budiharjo, R. (2020). Effect of environmental performance, good corporate governance and leverage on firm value. American Journal of Humanities and Social Sciences Research (AJHSSR), 4(8), 455-464. https://www.ajhssr.com/wp-content/uploads/2020/08/ZZB2048455464.pdf
  • Chen, F., Ngniatedema, T., & Li, S. (2018). A cross-country comparison of green initiatives, green performance and financial performance. Management Decision, 56(5), 1008–1032. https://doi.org/10.1108/md-08-2017-0761
  • Claessens, S., Djankov, S., & Lang, L. H. (1999). Who controls East Asian corporations, and the implications for legal reform. World Bank. https://documents.worldbank.org/pt/publication/documents-reports/documentdetail/123831468762317472/who-controls-east-asian-corporations-and-the-implications-for-legal-reform
  • Core, J. E., Holthausen, R. W., & Larcker, D. F. (1999). Corporate governance, chief executive officer compensation, and firm performance. Journal of Financial Economics, 51(3), 371–406. https://doi.org/10.1016/s0304-405x(98)00058-0
  • CREMERS, K. J. M., & NAIR, V. B. (2005). Governance Mechanisms and Equity Prices. The Journal of Finance, 60(6), 2859– 2894. https://doi.org/10.1111/j.1540-6261.2005.00819.x
  • Dash, S. R., & Raithatha, M. (2019). Corporate governance and firm performance relationship: Implications for risk‐adjusted return behavior. Managerial and Decision Economics, 40(8), 923–940. https://doi.org/10.1002/mde.3080
  • Davis, J. H., Schoorman, F. D., & Donaldson, L. (1997). Davis, Schoorman, and Donaldson Reply: The Distinctiveness of Agency Theory and Stewardship Theory. The Academy of Management Review, 22(3), 611–613. http://www.jstor.org/stable/259407
  • Delbridge, T. R., Bailey, B., Chew, J. L., Conn, A. K. T., Krakeel, J. J., Manz, D., Miller, D. R., O’Malley, P. J., Ryan, S. D., Spaite, D. W., Stewart, R. D., Suter, R. E., & Wilson, E. M. (1998). Ems agenda for the future: Where we are … where we want to be. Prehospital Emergency Care, 2(1), 1–12. https://doi.org/10.1080/10903129808958832
  • Delmas, M. A., & Toffel, M. W. (2008). Organizational responses to environmental demands: opening the black box. Strategic Management Journal, 29(10), 1027–1055. https://doi.org/10.1002/smj.701
  • Doidge, C., Andrewkarolyi, G., & Stulz, R. (2007). Why do countries matter so much for corporate governance?. Journal of Financial Economics, 86(1), 1–39. https://doi.org/10.1016/j.jfineco.2006.09.002
  • Dowell, G., Hart, S., & Yeung, B. (2000). Do Corporate Global Environmental Standards Create or Destroy Market Value? Management Science, 46(8), 1059– 1074. https://doi.org/10.1287/mnsc.46.8.1059.12030
  • Ehikioya, B. I. (2009). Corporate governance structure and firm performance in developing economies: evidence from Nigeria. Corporate Governance: The International Journal of Business in Society, 9(3), 231–243. https://doi.org/10.1108/14720700910964307
  • Erauskin‐Tolosa, A., Zubeltzu‐Jaka, E., Heras‐ Saizarbitoria, I., & Boiral, O. (2019). ISO 14001, EMAS and environmental performance: A meta‐analysis. Business Strategy and the Environment, 29(3), 1145– 1159. https://doi.org/10.1002/bse.2422
  • Gompers, P. A., Ishii, J. L., & Metrick, A. (2003). Corporate Governance and Equity Prices. SSRN Electronic Journal, 118(1), 107–156. https://doi.org/10.2139/ssrn.278920
  • Grotta, R. C., Machado Júnior, C., Souza, M. T. S. de, Ribeiro, D. M. N. M., & Bazanini, R. (2020). Analysis of the affinity of the principles of corporate governance to the ISO 14001 environmental management system standard. Gestão & Produção, 27(2). https://doi.org/10.1590/0104-530x4026-20
  • Guest, P. M. (2008). The determinants of board size and composition: Evidence from the UK. Journal of Corporate Finance, 14(1), 51– 72. https://doi.org/10.1016/j.jcorpfin.2008.01.002
  • He, W., & Shen, R. (2017). ISO 14001 Certification and Corporate Technological Innovation: Evidence from Chinese Firms. Journal of Business Ethics, 158(1), 97–117. https://doi.org/10.1007/s10551-017-3712-2
  • Hillman, A. J., Cannella, A. A., & Paetzold, R. L. (2000). The Resource Dependence Role of Corporate Directors: Strategic Adaptation of Board Composition in Response to Environmental Change. Journal of Management Studies, 37(2), 235–256. https://doi.org/10.1111/1467-6486.00179
  • Hillman, A. J., Withers, M. C., & Collins, B. J. (2019). Resource Dependence Theory: A Review. Journal of Management, 35(6), 1404–1427. https://doi.org/10.1177/0149206309343469
  • Kang, J.-K., & Shivdasani, A. (1995). Firm performance, corporate governance, and top executive turnover in Japan. Journal of Financial Economics, 38(1), 29–58. https://doi.org/10.1016/0304-405x(94)00807-d
  • Kapopoulos, P., & Lazaretou, S. (2007). Corporate Ownership Structure and Firm Performance: Evidence from Greek firms. Corporate Governance: An International Review, 15(2), 144–158. https://doi.org/10.1111/j.1467-8683.2007.00551.x
  • Kinbara, T., & Kaneko, S. (2005). Analyses of environmental management. Hakuto Shobo, Tokyo.
  • Kitazawa, S., & Sarkis, J. (2000). The relationship between ISO 14001 and continuous source reduction programs. International Journal of Operations & Production Management, 20(2), 225–248. https://doi.org/10.1108/01443570010304279
  • KLASSEN, R. D., & VACHON, S. (2009). Collaboration and Evaluation in the Supply Chain: The Impact on Plant-Level Environmental Investment. Production and Operations Management, 12(3), 336–352. https://doi.org/10.1111/j.1937-5956.2003.tb00207.x
  • Kyereboah-Coleman, A. (2007). Relationship between corporate governance and firm performance: An African perspective. https://citeseerx.ist.psu.edu/document?repd=rep1&type=pdf&doi=73277347506af78baad4313269b4786ddcad48a5
  • Latif, B., Shahid, M. N., Haq, M., Waqas, H. M., & Arshad, A. (2013). Impact of corporate governance on firm performance: Evidence from sugar mills of Pakistan. European Journal of Business and Management, 5(1), 51-59.
  • Letza, S., Sun, X., & Kirkbride, J. (2004). Shareholding Versus Stakeholding: a critical review of corporate governance. Corporate Governance, 12(3), 242–262. https://doi.org/10.1111/j.1467-8683.2004.00367.x
  • Li, F., Han, G.-F., Noh, H.-J., Kim, S.-J., Lu, Y., Jeong, H. Y., Fu, Z., & Baek, J.-B. (2018). Boosting oxygen reduction catalysis with abundant copper single atom active sites. Energy & Environmental Science, 11(8), 2263–2269. https://doi.org/10.1039/C8EE01169A
  • Mashayekhi, B., & Bazaz, M. S. (2008). Corporate Governance and Firm Performance in Iran. Journal of Contemporary Accounting & Economics, 4(2), 156–172. https://doi.org/10.1016/s1815-5669(10)70033-3
  • Melnyk, S. A., Sroufe, R. P., & Calantone, R. (2003). Assessing the impact of environmental management systems on corporate and environmental performance. Journal of Operations Management, 21(3), 329–351. https://doi.org/10.1016/s0272-6963(02)00109-2
  • Nakamura, M., Takahashi, T., & Vertinsky, I. (2001). Why Japanese Firms Choose to Certify: A Study of Managerial Responses to Environmental Issues. Journal of Environmental Economics and Management, 42(1), 23–52. https://doi.org/10.1006/jeem.2000.1148
  • Nishitani, K. (2010). An Empirical Analysis of the Effects on Firms’ Economic Performance of Implementing Environmental Management Systems. Environmental and Resource Economics, 48(4), 569–586. https://doi.org/10.1007/s10640-010-9404-3
  • North, D. C. (1990). Institutions, institutional change and economic performance. Cambridge university press.
  • Ong, W.-J., Tan, L.-L., Ng, Y. H., Yong, S.-T., & Chai, S.-P. (2016). Graphitic Carbon Nitride (g-C3N4)-Based Photocatalysts for Artificial Photosynthesis and Environmental Remediation: Are We a Step Closer To Achieving Sustainability? Chemical Reviews, 116(12), 7159–7329. https://doi.org/10.1021/acs.chemrev.6b00075
  • Palea, V., & Drogo, F. (2020). Carbon emissions and the cost of debt in the eurozone: The role of public policies, climate‐related disclosure and corporate governance. Business Strategy and the Environment, 29(8), 2953–2972. https://doi.org/10.1002/bse.2550
  • Pfeffer, J. (1973). Size, Composition, and Function of Hospital Boards of Directors: A Study of OrganizationEnvironment Linkage. Administrative Science Quarterly, 18(3), 349–364. https://doi.org/10.2307/2391668
  • Pi, L., & Timme, S. G. (1993). Corporate control and bank efficiency. Journal of Banking & Finance, 17(2-3), 515–530. https://doi.org/10.1016/0378-4266(93)90050-n
  • Prowse, S. (1999). Corporate Governance in East Asia: a framework for analysis.
  • Prowse, S. D. (1994). Corporate governance in an international perspective: A survey of corporate control mechanisms among large firms in the United States, the United Kingdom, Japan and Germany.
  • Riaz, H., Saeed, A., Liedong, T. A., & Rajwani, T. (2021). Environmental management, nonmarket strategy, and firm performance in emerging markets: The case of ISO 14001. Business Ethics, the Environment & Responsibility, 31(1), 139–163. https://doi.org/10.1111/beer.12402
  • Safitri, V. A. D., & Nani, D. A. (2021). DOES GOOD CORPORATE GOVERNANCE AND ECO–EFFICIENCY REALLY CONTRIBUTE TO FIRM VALUE? AN EMPIRICAL STUDY IN INDONESIAN STATE-OWNED ENTERPRISES (SOES). AKUNTABILITAS, 15(1), 73–88. https://doi.org/10.29259/ja.v15i1.12526
  • Secinaro, S., Brescia, V., Calandra, D., & Saiti, B. (2020). Impact of Climate Change Mitigation Policies on Corporate Financial Performance: Evidence-based on Europeanc Publicly Listed Firms. Corporate Social Responsibility and Environmental Management, 27(6), 2491–2501. https://doi.org/10.1002/csr.1971
  • Shleifer, A., & Vishny, R. W. (1997). A Survey of Corporate Governance. The Journal of Finance, 52(2), 737–783. https://doi.org/10.2307/2329497
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Cite this article

APA

    APA : Rasool, N., & Zulfiqar, Z. (2023). Relationship between Corporate Governance and Financial Performance of Manufacturing Firms through Moderating Role of ISO-14001. Global Social Sciences Review, VIII(II), 581-591. https://doi.org/10.31703/gssr.2023(VIII-II).52

CHICAGO

    CHICAGO : Rasool, Nosheen, and Zunaira Zulfiqar. 2023. "Relationship between Corporate Governance and Financial Performance of Manufacturing Firms through Moderating Role of ISO-14001." Global Social Sciences Review, VIII (II): 581-591 doi: 10.31703/gssr.2023(VIII-II).52

HARVARD

    HARVARD : RASOOL, N. & ZULFIQAR, Z. 2023. Relationship between Corporate Governance and Financial Performance of Manufacturing Firms through Moderating Role of ISO-14001. Global Social Sciences Review, VIII, 581-591.

MHRA

    MHRA : Rasool, Nosheen, and Zunaira Zulfiqar. 2023. "Relationship between Corporate Governance and Financial Performance of Manufacturing Firms through Moderating Role of ISO-14001." Global Social Sciences Review, VIII: 581-591

MLA

    MLA : Rasool, Nosheen, and Zunaira Zulfiqar. "Relationship between Corporate Governance and Financial Performance of Manufacturing Firms through Moderating Role of ISO-14001." Global Social Sciences Review, VIII.II (2023): 581-591 Print.

OXFORD

    OXFORD : Rasool, Nosheen and Zulfiqar, Zunaira (2023), "Relationship between Corporate Governance and Financial Performance of Manufacturing Firms through Moderating Role of ISO-14001", Global Social Sciences Review, VIII (II), 581-591

TURABIAN

    TURABIAN : Rasool, Nosheen, and Zunaira Zulfiqar. "Relationship between Corporate Governance and Financial Performance of Manufacturing Firms through Moderating Role of ISO-14001." Global Social Sciences Review VIII, no. II (2023): 581-591. https://doi.org/10.31703/gssr.2023(VIII-II).52