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Corporate Governance Mechanisms and Firm Performance in a Young Stock Exchange: The Case of I&M Bank, Rwanda

Corporate Governance Mechanisms and Firm Performance in a Young Stock Exchange: The Case of I&M Bank, Rwanda

Pierre Sindambiwe, Samuel Mutarindwa
Copyright: © 2021 |Pages: 22
ISBN13: 9781799875963|ISBN10: 1799875962|ISBN13 Softcover: 9781799875970|EISBN13: 9781799875987
DOI: 10.4018/978-1-7998-7596-3.ch012
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MLA

Sindambiwe, Pierre, and Samuel Mutarindwa. "Corporate Governance Mechanisms and Firm Performance in a Young Stock Exchange: The Case of I&M Bank, Rwanda." Comparative Research on Earnings Management, Corporate Governance, and Economic Value, edited by Elisabete S. Vieira, et al., IGI Global, 2021, pp. 241-262. https://doi.org/10.4018/978-1-7998-7596-3.ch012

APA

Sindambiwe, P. & Mutarindwa, S. (2021). Corporate Governance Mechanisms and Firm Performance in a Young Stock Exchange: The Case of I&M Bank, Rwanda. In E. Vieira, M. Madaleno, & G. Azevedo (Eds.), Comparative Research on Earnings Management, Corporate Governance, and Economic Value (pp. 241-262). IGI Global. https://doi.org/10.4018/978-1-7998-7596-3.ch012

Chicago

Sindambiwe, Pierre, and Samuel Mutarindwa. "Corporate Governance Mechanisms and Firm Performance in a Young Stock Exchange: The Case of I&M Bank, Rwanda." In Comparative Research on Earnings Management, Corporate Governance, and Economic Value, edited by Elisabete S. Vieira, Mara Madaleno, and Graça Azevedo, 241-262. Hershey, PA: IGI Global, 2021. https://doi.org/10.4018/978-1-7998-7596-3.ch012

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Abstract

This chapter aimed at assessing the contribution of a bank's listing to its governance and performance. Using a single case study, it collected data on bank governance, performance, and stability over the period 2009-18. Findings show that listing improved I&M Bank's internal governance in particular soon after it listed on the Rwanda Stock Exchange in 2008. Its board's independence, size, and ownership showed significant changes soon after it listed and listing improved its performance as well as stability through governance. A change in both the board's size and independence significantly reduced the bank's non-performing loans and increased the bank's resilience (Z-score) and lending.

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