Purpose – The purpose of this paper is to evaluate firm financial success across a broad range of performance measures and identify areas of the performance spectrum for which positive results were most difficult to achieve. Simultaneously, the authors identify the firms that most frequently...

Increasingly, firms engage in environmental certification programmes to reconcile external constituents and ensure financial viability. Some firms decouple the formal programme from core operations to obtain the signalling benefits of certification without investing scarce resources and time on...

The ongoing credit crisis in the financial markets has led to tremendous turmoil in the financial services industry. As a result, during the last one year, we have seen a substantial decline in the profitability and liquidity of the financial services companies. In this paper, we analyse the...

This study examines, critically, the relationship between movements in stock prices of a sample of Indonesian telecommunications companies listed on the Indonesians Stock Exchange and the nature of their relationship, if any, to company financial performance. It analyses 23 financial reports...

The objective of this research is to investigate the textual construction of annual reports (MD&A) of Italian listed companies. The paper builds on methodologies developed in prior empirical studies of annual reports readability and content analysis. Two dimensions are investigated: a) text ease...

Several previous research studies have reported mixed results concerning the direct relationship between corporate governance and firm performance. Actually, the presence of innovation as a mediating variable within this relationship has not yet been fully established. Hence, this article's...

Voluntary environmental reporting and disclosures (VED) in annual reports provide managers with an effective way to manage expectations of the sustainability and risk exposure of the firm. Many studies have documented that VED are fairly common among publicly listed firms. However, in the case...

The board of directors plays a key role as an internal mechanism of corporate governance. Indeed, its effectiveness is dependent on the presence of several factors, the most important are related to characteristics that relate primarily to the independence of its members, board size, the...

This paper uses firm level panel data to investigate, empirically, the effects of leverage and other key variables on the financial performance of business in the Greek economy during the period 1997–2004; a period during which Greek firms were making adjustments to meet the requirements of the...

The study of the relationship between corporate governance and financial performance is an ambiguous theme. Several studies have focused on this topic by defining a relationship between the firm performance and its ownership structure. However, empirical findings did not reach a consensus on the...