Impact of Corporate Governance on Firm Performance During COVID-19

The Impact of Corporate Governance on Firm Performance DuringThe COVID-19 Pandemic
Proposal
[DATE]
[Company name]
[Company address]

Table of Contents
1.0 Acknowledgement........................................................................................................1
1.1 Background of study.............................................................................................................2
1.2 Research Question/s..............................................................................................................2
1.3 Research aim.........................................................................................................................2
1.4 Research objectives...............................................................................................................2
1.5 Rationale for project justification.........................................................................................3
1.6 Limitations of the study........................................................................................................3
2.0 Preliminary Literature review......................................................................................3
3.0 Methodology...............................................................................................................3
3.1: Research Design...................................................................................................................3
3.2: Data Collection Instruments................................................................................................4
3.3: Data Type.............................................................................................................................4
3.4: Data collection Procedure....................................................................................................4
3.4.1: Data Collection Methods......................................................................................................................4
3.4.2: Sampling...............................................................................................................................................4
3.5: Variables..............................................................................................................................4
3.6 Preliminary Hypothesis (null and alternative).....................................................................5
3.7 Plan data analysis..................................................................................................................5
3.8 Research ethics (Code of ethics)............................................................................................6
3.9 Direction for Further Research............................................................................................6
4.0 Action plan..................................................................................................................6
5.0 Conclusion...................................................................................................................7
6.0 Reference List..............................................................................................................7

1.0 Acknowledgement
I would like to take this occasion to extend my most sincere gratitude to Mr. XXXX, who
works in the Department of xxxx at the University of XXX. Mr. XXXX has been a driving
force behind the accomplishments of this paper ever since I decided on the subject of the
study. I'd want to express my gratitude to the people who assisted me in successfully
completing this report.
1.1 Background of study
This paper measures the "impact of internal and external corporate governance systems" on
bank performance during the COVID-19 epidemic. Bank collected from the annual report,
the Banking System Focus database, and International Finance corporation reports were used
to collect financial as well as non statistics on the banking industry. Independent board
members, significant shareholding, lack of democratic pressure on members of the board, and
legitimate legal protection improved bank financial performance. Performance-based
compensation, women on boards, board size, and anti-takeover tools had no impact on bank
performance during the crisis. Effective internal control corporate governance could improve
Asian banks' financial performance during pandemics and crises.
1.2 Research Question/s
 In the COVID-19 epidemic, there is an increase in the quality of financial reporting?
 During the COVID-19 pandemic, the quality of financial reporting decreases?
1.3 Research aim
 During the COVID-19 pandemic, did the bank's performance improve because of the
presence of independent directors on the board During the COVID-19 epidemic, did the performance of banks benefit by the participation of
women on their boards of directors During the COVID19 pandemic period, did bank performance suffer as a result of CEO
duality
 During the COVID-19 pandemic, did the size of the bank's board affect its performance
1.4 Research objectives
 During the COVID-19 PANDEMIC, this research aims to determine the impact of corporate
governance on firm performance and to investigate the existence of possible drivers that will
enable this new trend, analysis, and investigation of what will happen to the workplace of the
future.
 Corporate governance and firm performance in global pandemics like COVID-19 are
particularly interesting topics to research in depth. Workplace survival during a pandemic
period appears to be mostly dependent on factors such as flexible working hours, family
reconciliation, and remote work, but other factors, such as engagement of task, enthusiasm for
work, mindfulness, may also play a role.

1.5 Rationale for project justification
Bank performance and risk are influenced by governance and control characteristics
(dependent variables). Corporate governance approaches used internally include CEO
dualism, board composition and independence, the presence of women on the board,
domestic vs. outside ownership, anti-takeover instruments, and performance-based
compensation plans. Laws and government restrictions on board pressure are two examples
of external corporate governance devices. A bank's performance is affected by governance
measures in the event of a crisis. Bank size, financial leverage, & GDP growth are the
variables that can be controlled..
1.6 Limitations of the study
This pandemic situation made it difficult to gather the data I needed for my study. As a result
of transportation constraints and health rules, I was unable to travel. As a result, gathering the
data was a difficult task for me. There was also a problem with time management in the
office and with this research, as well. Because I had to juggle a full-time job, full-time
schooling, and a full-time social schedule. In addition, collecting data was a major challenge
for me because it was difficult to visit the company several times and conduct surveys or
interviews as a student during their work hours.
2.0 Preliminary Literature review
SARS-CoV-2, a new Coronavirus, was found in "Wuhan, China, in December" of this year.
When infected with COVID19, the majority of people only have mild symptoms such as
nausea, coughing, shortness of breath, and fatigue, as well as other more generic symptoms
and signs of infection. One of the more acute dangers of Covid-19 is organ failure, high
levels of C-reactive protein (CRP), blood clot formation, and sepsis. This novel coronavirus
can be deadly if an individual has preexisting medical issues including obesity and diabetes
as well as an overall weak immune system. The severity of the disease's symptoms is largely
determined by how well it is prevented and treated holistically.
An international pandemic was announced in March 2020 after the World Health
Organization issued a state of emergency in January 2020 over COVID-19. At the start of
2021, there are estimated to be about 90 million cases of infection and nearly two million
deaths across all six regions of the World Health Organization. The rapid spread of the
disease, the lack of a definitive cure, and the recurrence of infection patterns indicate that the
crisis will not be over soon. Ending the healthcare crisis may ultimately become a reality in
late 2020 or early 2021 with the emergency approval of a number of drugs that appear
effective, however the long-term economic effects and corporate governance legacy have yet
to be confirmed.
3.0 Methodology
3.1: Research Design
A case study of descriptive research will be utilized to examine how the worldwide pandemic
impacts workplace transformation and how firms use their findings to transform operations.
This strategy is employed due to the researcher's ability to adequately assess changes in the
workplace caused by a pandemic within the firm. This approach to research difficulties, in
addition, will aid researchers in their exploration of the research questions in an efficient

manner. Eventually, they will be able to arrive at an adequate and effective conclusion to the
supplied study in this manner. Although in some cases, researchers will employ a full
research plan on the issues we're going to analyze and when the specific research plan is used
for study.
3.2: Data Collection Instruments
When conducting a research project, it is critical to select a data collection strategy that is
both appropriate and effective. As a result, both primary and secondary data collection
methods will be utilized to examine the topic of workplace transformation as a result of the
worldwide pandemic and the impact of the digital revolution on it. Questionnaires are my
preferred primary data collection tool. It will be a useful tool because the employees'
opinions on how they are adapting to this change will be assessed using the methodologies
provided. Other secondary tools and procedures like books, internet articles, journals etc.
are also used to acquire data. We can gain a better understanding of various areas of
workplace transformation with the help of the available resources.
3.3: Data Type
It is quite difficult to gather data from the full population here. Because of this, I must gather
a sample for research in order to avoid any difficulties. However, in order to pick study
samples, I must employ a variety of sampling procedures. Random sampling will be
employed in the current study, which is examining the issue of "The workplace
transformation owing to global pandemic and how the digital revolution impacts on that ".
( Chi-Square Test). This method was chosen because it would give each sample an equal
chance to choose.
3.4: Data collection Procedure
3.4.1: Data Collection Methods
The central bank's cope database was used to collect bank financial data. Bank annual reports
and the Worldwide Governance Indicators were used to gather information on corporate
governance mechanisms. During 2020, all commercial banks will be in existence. Financial
and non-financial data pertaining to internal corporate governance procedures were removed
from the study for all participating institutions.
3.4.2: Sampling
3.4.2.1: Population
The number of commercial banks was recorded as having 310.000 units in 2017 according to
the data.
3.4.2.2: Sample
A sample size of 25 employees will be used in this investigation.
3.5: Variables
An experiment's independent variable is something that researchers control directly rather
than something that is affected by other factors in the experiment. This pandemic condition
necessitates employers to change their employees' work environments. In this case, the only
constant factor is the global pandemic threat. For the simple reason that no one can control it
It has complete power over itself. A study's or experiment's dependent variable is the one
being tested or measured during the study or experiment. Workplace transformation is the

dependent variable in this scenario. Because of the pandemic crisis, they had to change their
workplace. If you're in a different position, it can be different.
Independent Variable- CAUSE Dependent Variable - RESULT
Corporate Governance on Firm Performance Cost Management
bank's performance
banks benefit
3.6 Preliminary Hypothesis (null and alternative)
H1:
Ho: - There is a positive significant relationship between Corporate Governance on
Firm Performance and Covid 19
Ha: - There is no positive significant relationship between Corporate Governance on
Firm Performance and covid pandemic
H2:
Ho: - There is a positive significant relationship between Corporate Governance on
Firm Performance and Employees’ satisfaction on this new methodology.
Ha: - There is no positive significant relationship between Corporate Governance on
Firm Performance and Employees’ satisfaction on this new methodology.
H3:
Ho: - There is a positive significant relationship between Corporate Governance on
Firm Performance and Employees’ knowledge about the new technology.
Ha: - There is a positive significant relationship between Corporate Governance on
Firm Performance and Employees’ knowledge about the new technology.
H4:
Ho: - There is a positive significant relationship in Corporate Governance on Firm
Performance n as a cost management method.
Ha: - There is a positive significant relationship in Corporate Governance on Firm
Performance as a cost management method
3.7 Plan data analysis
Researchers employ a data analysis plan to distill large amounts of data into a narrative that
can be interpreted for new information. In survey data analysis, the Data Analysis Plan serves
as the road map. And it should be made easier to achieve the goals that were set before the
survey began.
After giving value to all forms of data, it is possible to describe things. Different forms of
data exist.
It is impossible to quantify or express numerical information. Word clouds, idea maps, graph
databases, and timelines are some of the data visualization techniques used to convey the
collected text, audio, and images.
What can be counted or measured or assigned a numerical value is known as quantitative
information. This study, which examines the impact of a global pandemic on the workplace

and how the digital age affects that, will use quantitative techniques like SPSS to evaluate
data. Academics will use a variety of descriptive statistics tests in the supplied approaches.
3.8 Research ethics (Code of ethics)
Research ethics are a set of principles that influence the design and conduct of a research
project. When gathering data from people, researchers must always adhere to a set of ethical
guidelines. Real-world issues, effective procedures, behavioral patterns, and other ways to
improve things are all common research objectives. Ethical considerations play an important
role in both the content of my research and the methodology I employ.
3.9 Direction for Further Research
The bank needs a growing economy to continue offering commercial and personal loans,
credit cards, mortgages, and vehicle loans during a pandemic. Novel financial goods assume
a developing economy that can buy them. Online business owners can get credit cards.
During the pandemic, the bank used phone calls and social media promotion. The marketing
team consulted emerging-market digital marketing and phone communication.
4.0 Action plan
No. Topic June July September
1 Topic
Selection
2 Data
collection
3 Layout
Creation
4 Collection of
literature
5 Review of
methodology
6 Proposal
Submission
7 Primary Data
collection
8 Analysis the
collection
data with
interpretation
9 Analysis and
finding
10 Conclusion of
the
dissertation
11 Rough
research
report format
12 Submission
of the report

5.0 Conclusion
During the pandemic, the bank's shareholders and institutional investors helped it operate
better. Each organization was able to minimize the negative effects of agency and
entrenchment on bank performance. Director independence allowed independent directors to
objectively evaluate top management performance and risk throughout the pandemic Some
bank managers got rich off the backs of their employees (agency behavior). When their
former sources of income vanished, they were too scared to look for new ones (entrenchment
theory). Such executives may have taken on the role of bank stewards because of their low
ratings. Maintaining the bank's liquidity and finding new revenue streams would fall under
their purview as "stewards.".
6.0 Reference List
 Akhtaruzzaman, Md, Sabri Boubaker, and Zaghum Umar. 2021. COVID-19 media coverage
and ESG leader indices. Finance Research Letters 25: 102–70
 Al Dah, Bilal, Amir Michael, and Rob Dixon. 2017. Antitakeover Provisions and CEO
Monetary Benefits: Revisiting the E-Index. Research in International Business and Finance
42: 992–1004
 Chang, Jinho, Young Jun Cho, and Hyun-Han Shin. 2007. The change in corporate
transparency of Korean firms after the Asian financial crisis: An analysis using analysts’
forecast data. Corporate Governance: An International Review 15: 1144–67
 Hays-Thomas, Rosemary. 2004. Why now? The Contemporary Focus on Managing
Diversity. In The Psychology and Management of Workplace Diversity. Edited by Margaret
S. Stockdale and Faye J. Crosby. Malden: Blackwell, pp. 3–30.
 Pathan, Shams, and Robert Faff. 2012. Does board structure in banks really affect their
performance? Journal of Banking and Finance 37: 1573–89
 Scherer, Andreas Georg, and Christian Voegtlin. 2020. Corporate governance for responsible
innovation: Approaches to corporate governance and their implications for sustainable
development. Academy of Management Perspectives 34: 182–208.