Relationships between corporate governance characteristics and financial distress status are examined for a sample of Canadian firms. Results from logit regression analysis of 46 financially distressed and 46 healthy firms lead us to conclude that the board of director’s composition explains...

This study is an extension of research which links top management team characteristics and the use of a variety of business strategies. Agency theory and information processing theory provided the framework used to investigate the complex business strategies of 219 Japanese firms in four...

The March 2000 Budget in the UK introduced tax incentives to encourage employee shareholding. The theory is that if employees feel that they have a stake in the enterprise or organisation in which they work, they will be more motivated and committed, with positive outcomes in terms of...

The findings from a number of studies conducted at Cranfield School of Management exploring executive succession, are presented. Five critical considerations for executive succession are identified. These are, the need to respect context, effectively managing the dynamics of top teams, being...

Corporate governance has emerged from obscurity into being a mainstream topic about which there is a need to know, as well as being incorporated into industrial and commercial training courses. There has been a plethora of reports starting in the USA and spreading to the UK, which has then...

Empirical research identifies the strategic power of corporate values in influencing the success of organizations. Presents qualitative research which elicits chairmen’s values expressed through value maps. Presents two such maps, both of which were extracted from interview transcripts using...

Asks the question: how can we enhance corporate governance practices in East Asia? To address this question, reviews recent research findings that have greatly enhanced our understanding of corporate governance practices in East Asian jurisdictions. Concludes by examining three areas of reform....

This study investigates the association of various corporate governance attributes and financial characteristics with the survival likelihood of distressed firms. To address the manner in which firms evolve over time, we employ survival analysis techniques by incorporating Cox Proportional...

Governing boards are a bit like meteors above an organizational “planet”. If they position themselves too far above it all, they are likely to float at an innocuous distance, meaningless and without impact. On the other hand, if they plunge too deeply and quickly they are likely to burn up...

The failure of the Enron Corporation has brought attention to the roles played by the chief executive officer and other executives of the modern corporation. Its failure has also produced discussion of further regulations that will, it is hoped, prevent another collapse similar to that of Enron....