| dc.description.abstract | This study aims to examine the effects of Corporate Governance (CG) on the
Economic Policy Uncertainty (EPU) and Sustainable Growth (SG) relationship of
Singapore firms. This paper takes out one hundred Singapore non-financial, non-utility
listed firms from 2016 to 2021. This research applies the industry regression of fixed effects
to study the immediate and moderate effect of Corporate Governance on the correlation of
related-policy unpredictability and sustained development, which is measured by a
comprehensive index of nine financial factors of Singapore firms. The results show the
negative effect of EPU, ownership concentration, board size, and duality on SG, while only
the portion of females on board build up to the Sustainable Growth of Singapore firm
positively. The results also demonstrate that ownership concentration, board size and
duality increase the negative effect of EPU on Sustainable Growth, while females on board
can reduce this effect.
Future research may consider evaluating the effect of financial and utility firms as
the findings of this study are not generalized for utility or financial enterprises. Other
research can consider extending the time for this topic. In addition, it is crucial for the
government and policymakers to explore the detrimental effects of policy uncertainty on
SG before developing strategies to lessen uncertainty. The study of the controlling
influence of Corporate Governance adds to the body of knowledge on how corporations
react to policy uncertainty. For corporations, it offers priceless insights on how to use CG
methods to achieve SG.
This can be seen as the first study to examine how changing CG affects the
Sustainable Growth of Singapore enterprises using an index-based Sustainable Growth
determination during the EPU. | en_US |
