The objective of this study is to investigate the relationship between stock market performance and ownership structure during plummeting and soaring financial markets in a Continental-European setting. Our results demonstrate the importance of ownership concentration, the presence of multiple...

This paper investigates whether, and how, firms' Corporate Social Responsibility (CSR) Performance influences the auditors' assessment of the risk of material misstatement, whether due to fraud or error, at the financial statement level by analysing their pricing decision (i.e., audit fees)....

Corporate governance research has largely focused on internal governance mechanisms (i.e., the board of directors, controlling owners, and managerial incentives). However, much of this work ignores the role that external corporate governance practices play in preventing managers from engaging in...

We analyze how ownership concentration and type, and board independence are related to corporate social performance (CSP). Drawing from agency, team production and stakeholder perspectives, we argue that the distribution of costs and benefits to shareholders and other stakeholders is crucial to...

The paper explores how the adoption of enterprise risk management (ERM) practices influences external audit fees in large pharmaceutical firms. The results show that the mere presence of a Chief Risk Officer does not influence external audit fees. However, when we take the different ERM...

The paper develops a theoretical model to better understand how the role (control versus direction) of the board of directors is influenced by the ownership structure and how that affects the board effectiveness. Most corporate governance research focuses on a universal link between corporate...

This paper discusses the role that indices of corporate governance have had in comparative corporate governance research. To do so, we begin with a short discussion of what corporate governance is and its main debates. Then, we review the main indices (which are also summarized in Table 1)...