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Scope and Limitations

The study will be conducted to determine the effect of corporate governance practices on

financial performance and firm size to be able to establish a framework for indicators of good

corporate governance practices. The study will focus on a publicly listed Philippines banks listed

on the Philippine Stock Exchange (PSE.

!nformation on corporate governance practices will be restricted by considerations of data

access of corporate governance reports for the year "#$% in the measurement of corporate

governance compliance. !n addition& data with respect to these practices will be secured from

publicly available data.

The firm size and performance of the research sub'ects will be determined using

secondary data& which consists of the annual report of the companies. lso& it will be only

limited to publicly available data published by the companies online and the calculations

performed on the data generated without actual experimentation or field research.

Thus& in establishing the correlation between financial performance& size& and corporate

governance& data sources will be limited to secondary data from "#$%. !n addition& the

researchers also admit the existence of other relevant information that can better determine the

relationship being studied. )evertheless& the researchers will be examining every detail of this

study to mitigate these scope and limitations aforementioned.

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*astly& the researchers consider the possibility that the framework for indicators of good

corporate governance practices& which will be the final output of the study& may be sub'ect to

limitations on prior procedures of the study. !n addition& the researchers recognize that the

companies that will be used for creating the framework of indicators of good corporate

governance& which will be the final synthesis of the study& might not be the representative of the

whole industry.