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Ownership, Control and Corporate Performance After Large-Scale Privatization
Hanousek, Jan; Ko?enda, Evžen; Svejnar, Jan - 2004
We analyze the effects of ownership type and concentration on performance of a population of firms in a model large … that few types of private ownership improve dynamic post-privatization performance. Concentrated foreign (but not domestic …) ownership improves some measures of performance relative to state ownership. Foreign investors engage in strategic restructuring …
Persistent link: https://www.econbiz.de/10009477240
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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 … shifts the focus of concern: excessive ownership concentration may stifle managerial initiative. This may be particularly … activities. I explore the determinants of ownership concentration and the relationship between ownership structure and firm value …
Persistent link: https://www.econbiz.de/10009476880
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In High Gear: A Case Study of the Hees-Edper Corporate Group
Strangeland, David; Daniels, Ronald J.; Morck, Randall - 1995
-insurance (allowed by the interlocking ownership structure of the firms) made this possible by increasing the group's apparent debt …
Persistent link: https://www.econbiz.de/10009438865
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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
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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
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Earnings quality and corporate governance following the implementation of Malaysian code of corporate governance
Wan Ismail, Wan Adibah; Dunstan, Keitha; van Zijl, Tony - 2010
associated with the level of earnings quality. This indicates that large boards of directors and audit committees are more … effective in performing their governing roles than smaller boards and audit committees. However, while the monitoring …
Persistent link: https://www.econbiz.de/10009441684
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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
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Governance Structures, Ethnicity, and Audit Fees of Malaysian Listed Firms
Yatim, Puan; Kent, Pamela; Clarkson, Peter - 2006
ownership of Malaysian listed firms, the study also posits that Bumiputera-controlled firms pay higher audit fees because of …
Persistent link: https://www.econbiz.de/10009441721
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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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Do accounting and finance tools serve governance?
Ariff, Mohamed; Ratnatunga, Janek - 2008
A brief review of recent literature on corporate governance is provided, which is then concluded with a proposed corporate governance framework as a starting point for further development. We propose that it is stakeholder concentration that determines the quality of corporate governance. Next...
Persistent link: https://www.econbiz.de/10009441761