A poor ethical culture has been considered one of the reasons for the emergence of many corporate governance scandals. In this paper, I investigate the link between two corporate governance mechanisms – the composition of the board of directors and ownership structure – and ethical culture...

Corporate governance is concerned with the resolution of collective action problems among dispersed investors and the reconciliation of conflicts of interest between various corporate claimholders. In this survey we review the theoretical and empirical research on the main mechanisms of...

Board composition is central to the worldwide corporate governance reforms that have taken place in recent years. The strong emphasis on director independence and board leadership is now part of all corporate governance regimes, including the regimes which has been introduced in Malaysia. It is...

The analysis of the factors of corporate governance is divided into four thematic sections. In the first part corporate governance is defined as part of the broader economic context. The second part deals with the principles of corporate governance. In the third part, the relation between the...

The main goal of the paper is to understand if the shareholder composition must be considered as part of the corporate governance framework or as monitoring factor. A related goal of the paper is to investigate if the shareholder composition must be included in the loop among the corporate...

I study the board structure of a sample of dual-class firms from 1996 to 2002, and relate it to the degree of control-cash flow rights divergence. Compared to a group of matched single-class firms with similar contracting environment when ownership structure was made, dual-class firms have...

Using an agency theory perspective, this paper examines the influence of family control on the board size and board independence of Indonesian listed firms. Further, the study also seeks to investigate whether family control explains the association between board structure and firm value. This...

The objective of this paper is to examine whether underpricing is associated with board structure and corporate ownership among Indonesian IPO firms. To capture the most recent development, the sample comprises 101 firms conducting initial public offerings (IPOs) in Indonesia's primary equity...

Using a sample of 50 largest Chinese banks during the period of 2003-2010, we explore a comprehensive set of board characteristics (size, composition and functioning of the board) and analyze their impacts on bank performance and bank asset quality in China. We find that the number of board...

Family control is a common phenomenon among listed corporations in the Indonesian capital market. In family-controlled firms, the so-called “Agency Problem II” may arise due to differences of interests between the controlling shareholder and minority shareholders. Firms may choose certain...