The corporate governance is a complex system of relations and interactions, between various interest groups within and outside a company, aiming to maximize its own expectations. This paper discusses the relation between stakeholders and the means of resolving the conflicts between them. We...

Drawing on the lessons learned during the last crisis, started in mid of 2007, on the global economy, and especially the negative impact over the international banking system, was issued by the Basel Committee on Banking Supervision a set of principles for enhancing corporate governance...

Globalization, the treatment of investors and major corporate scandals have been major driving forces behind corporate governance developments. The corporate governance code is a set of principles, standards and best practices issued by an organization. Codes are flexible and nonbinding.

The corporate governance is one of the key elements for improving economic efficiency, particularly in the current context of financial global crises. Corporate governance regulations are not uniform across the world. Considering these circumstances, our paper examines the main characteristics...

The financial crisis can be explained as the ultimate result of the gradual move towards neoliberal policies and the acceptance of neoliberal economic theories. The purchasing power of ordinary workers and consumers has been constrained by the evolution of six economic features: environmental...

This work is an initial attempt to investigate a possible relationship between causal attributions in narrative sections of annual reports and a corporate governance index among companies listed on the São Paulo Stock Exchange (Bovespa), for 2006. As a proxy for corporate governance we use the...

This paper examines the relationship between corporate governance level and the bankruptcy law to such debt variables as firms? cost of debt and amount of debt under uncertainty (in the Knight´s sense). First we find that the better the corporate governance and the harsher bankruptcy law, the...

We examine aspects of cultural dimensions, legal systems and corporate governance on the extent that firms from the United States, United Kingdom, France and Brazil disclose their strategy in annual reports of 2006. We based our analysis on concepts brought by three theories: cultural dimensions...

Corporate governance is a group of relations between owners, stockholders and other groups of interest or influence. Actually it is a group of relations between different participants of the corporation business who work on determining then direction and successfulness of the corporation....

In order to achieve a satisfactory solution to the current problems in reporting procedures, it would be necessary to conduct intensive discussions and build a consensus on these issues. However, such a discussion should not be focused on value alone, as the case used to be in the past on the...