Corporate Governance, Firm Profitability, and Share Valuation in the Philippines

This study examines 73 publicly listed companies in the Philippines to determine the relationship between the quality of corporate governance practices and company performance.

It concludes that as a company’s corporate governance practices improve, there is likely to be positive and significant impacts on its market capitalization, market valuation, and profitability. The study was jointly conducted by the Asian Development Bank, the Institute of Corporate Directors, and the University of Asia and the Pacific.