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Assessing Corporate Governance Quality

Purpose of Assessing Corporate Governance Quality

The purpose of assessing corporate governance quality is to create and increase confidence in the observed corporation by monitoring non-financial indicators, which is a supplement to financial indicators for achieving long-term business goals.

Research Overview

Number of Corporations Examined

• 261 project observations were examined from 87 corporations (49 in FBiH and 38 in RS) in three time periods.

Corporate Governance Quality Rating

The overall rating of corporate governance quality in Bosnia and Herzegovina based on the LCG index is a 52.39% fulfillment of the prescribed criteria, indicating that only half of the total prescribed criteria are met.

Areas for Improvement

• The main suggestion of the research is that Bosnia and Herzegovina and its entities must align their own regulations with international standards (OECD principles and EU directives) to develop corporate governance and contribute to overall market and economic development.

Descriptive Statistics for LCG Variable

Range, Mean, and Distribution

• The values of the level of corporate governance ranged from 25.60 to 86.20.
• The arithmetic mean is 52.39, indicating a relatively normal distribution pattern according to the skewness and kurtosis indices.