ISSN: 2222-6990
Open access
The governance of companies has been the subject of increasing interest following the pandemic COVID-19. Despite the claim that corporate governance is a tool that may help companies sustain it business performance during the pandemic, the number of empirical research studying this unprecedented scenario is still limited. This study aimed at examining the impact of corporate governance mechanisms; board size, board independence, gender diversity and CEO diversity on the firm performance of Malaysian public listed construction firms during the COVID-19 pandemic’s bitter period. This study adopts quantitative research approach wherein by employing secondary data. The data sample of this study are extracted from the audited financial statements for the year ended 31 December 2020 from 53 Malaysian public listed construction firms. The findings revealed that, the board independence is positively significant associated to the firm performance. In interval, the board size, gender diversity and CEO diversity are found to be insignificant associated to the firm performance. This study contributes to the policy makers that give a current insight in setting up better corporate governance mechanisms which are capable of meeting challenges in such a grave economic situation. The outcome of this study benefits to the organisation by way of providing them with the tested solutions in their planning and decision making, and as well as to the academicians for future research on the subject related to this area. Future research could expand the setting to include other industries in order to more thoroughly assess the impact of corporate governance on firm performance during the pandemic because the current study is primarily focused on the construction industry.
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In-Text Citation: (Maruhun et al., 2022)
To Cite this Article: Maruhun, E. N. S., Azmi, A. N. M., Shaari, S. N. M., Abdullah, W. R. W., & Noordin, N. (2022). Impact of Corporate Governance on Firm Performance of Malaysian Public Listed Construction Firms During COVID-19 Pandemic. International Journal of Academic Research in Business and Social Sciences, 12(11), 403 – 424.
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