Archive of Journal - Financing

Financing – scientific magazine for economy

ISSUE 2022, No. 3, Article 1, Year of publication: 13, September, 2022

Corporate governance during the COVID-19 pandemic: experience, effects and further trends


Nermina R. Pobrić, PhD*

*PhD Associate Professor, University of East Sarajevo, Faculty of Economics Brcko, Department of Business Finance 



The topics referring to the corporate governance in the Covid-19 era are insufficiently researched at this moment. The paper will partly shed a light on this topic by investigating the experience, effects and further trends related to the corporate governance during the Covid- 19 pandemic. Based on the available literature, the author will try to provide insight into some experiences related to the corporate governance during the Covid-19 pandemic, the impact of corporate governance on firm performance during the Covid-19 pandemic, and the further trends in corporate governance generated by the Covid-19 crisis. According to the obtained findings, the occurrence of the challenges caused by the Covid-19 pandemic has called into question different corporate governance attributes and negatively affected firm performance. Effective sustainable corporate governance practice has a moderating role in the relationship between the Covid-19 crisis and firm performance. This pandemic will therefore encourage the companies to change their corporate governance practice in the future in order for sound and transparent corporate governance to be established.

Keywords: corporate governance practice, corporate governance mechanism, the Covid-19 pandemic, the Covid-19 crisis

DOI: 10.7251/FIN2203003P

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