The main purpose of this study was to explore whether the current corporate governance mechanisms have an impact on the company’s performance in Romania. The importance of this study is given by the following reasons. Firstly, the study will contribute to the existing literature concerning...

Over the last few decades the business world have wittiness a wave of high profile financial scandals and corporate failures that hundred the investors trust in stock markets (e.g. in the UK Polly Peck, Maxwell, Bank of Credit and Commerce International (BCCI) in the USA world come, Enron in the...

We study the impact of corporate governance frictions in an economy where growth is driven both by the foundation of new firms and by the in-house investment of incumbent firms. Firms' managers engage in tunneling and empire building activities. Active shareholders monitor man- agers, but can...

In this paper, we construct a Governance Index for a sample of Greek companies quoted on the Athens Stock Exchange. We then classify firms, using each firm governance index, into three governance portfolios. Furthermore, the Fama and French model, extended to include a momentum variable, is...

This study empirically investigates the relationship between the timeliness of corporate financial reporting and Corporate Governance for companies listed on Egyptian stock exchange during the period from 1998 to 2007. It investigates the role of corporate governance level on the timeliness of...

Abstract This study re–examines the theory of legal–origin on the basis of a new longitudinal dataset for four OECD countries (UK, USA, France and Germany) over a long time span 1970–2005. It observes that the civil law countries (France and Germany) provided better minority shareholder...