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Ownership concentration & firm performance: Evidence from an emerging market

Grosfeld, Irena - 2006

The initial view of the advantages of ownership concentration in joint stock companies was determined by the concern about the opportunistic managerial behavior. The growing importance of knowledge and human capital in the operation of firms shifts the focus of concern: excessive ownership...

Persistent link: https://www.econbiz.de/10009476880

Earnings quality and corporate governance following the implementation of Malaysian code of corporate governance

Wan Ismail, Wan Adibah; Dunstan, Keitha; van Zijl, Tony - 2010

-frame, the results capture a strong picture of the association between earnings quality and corporate governance in Malaysia. …

Persistent link: https://www.econbiz.de/10009441684

Impact of M & A on firm performance in India: Implications for concentration of ownership and insider entrenchment

Bhaumik, Sumon Kumar; Selarka, Ekta - 2008

performance. On the one hand, concentration of ownership that, in turn, concentrates management control in the hands of a strategic investor, eliminates agency problems associated with dispersed ownership. On the other hand, it may lead to entrenchment of upper management which may be...

Persistent link: https://www.econbiz.de/10009477189

Theory and Evidence on the Relationship Between Ownership Structure and Capital Structure

Brailsford, Tim; Oliver, Barry; Pua, Sandra L. H - 1999

The agency relationship between managers and shareholders has the potential to influence decision-making in the firm which in turn potentially impacts on firm characteristics such as value and leverage. Prior evidence has demonstrated an association between ownership structure and firm value....

Persistent link: https://www.econbiz.de/10009451658

In High Gear: A Case Study of the Hees-Edper Corporate Group

Strangeland, David; Daniels, Ronald J.; Morck, Randall - 1995

This study compares firms in the Hees-Edper Group with a number of other independent firms of similar size and in the same industries over a four-year period from 1988 to 1992, just prior to the first release of news that the Hees-Edper group was in financial trouble. During that period,...

Persistent link: https://www.econbiz.de/10009438865

Corporate Governance Ratings in Emerging Markets: Implications for Market Valuation, Internal Firm-Performance, Dividend Payouts and Policy

Baker, Edward; Godridge, Ben; Gottesman, Aron; Morey, … - 2007

This paper utilizes a new data set from AllianceBernstein that, unlike other corporate governance data, has country-level and monthly-updated firm-level governance ratings for 22 emerging markets countries for almost a five year period. With these data we examine the relationship of firm-level...

Persistent link: https://www.econbiz.de/10009440652

The use of internal audit by Australian companies

Goodwin-Stewart, Jenny; Kent, Pamela - 2006

Purpose – The purpose of this study is to explore the voluntary use of internal audit by Australian publicly listed companies and to identify factors that lead listed companies to have an internal audit function.Design/methodology/approach – Drawing on the Institute of Internal Auditors'...

Persistent link: https://www.econbiz.de/10009441627

Corporate governance, risk assessment and cost of debt

Aldamen, Husam; Duncan, Keith; McNamara, Ray - 2010

This paper examines the impact of corporate governance practices on the reported cost of contracted debt for Australian listed companies. Good governance decreases the variability in cash flows, reduces the probability of default (reduces default risk), increases the quality of value-relevant...

Persistent link: https://www.econbiz.de/10009441686

Governance Structures, Ethnicity, and Audit Fees of Malaysian Listed Firms

Yatim, Puan; Kent, Pamela; Clarkson, Peter - 2006

listed on the Bursa Malaysia for the financial year ending in 2003. Multiple regression analysis is used to estimate the … unique contribution in that it provides data on corporate governance practices in Malaysia for a large sample in the period … practices have changed in Malaysia since the amendments of Bursa Malaysia Listing Requirements 2001. …

Persistent link: https://www.econbiz.de/10009441721

Corporate governance and company performance in Australia

Christensen, Jacqueline; Kent, Pamela; Steward, Jenny - 2009

This study tests whether the adoption of Australian best practice corporate governance recommendations have a positive or negative relation with financial performance measured by return on assets (ROA) and Tobin's Q. The governance mechanisms associated with increased ROA and Tobin's Q are the...

Persistent link: https://www.econbiz.de/10009441749

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