Journal ArticleDOI
Outside directors, board independence, and shareholder wealth☆
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In this article, the authors examine the wealth effects surrounding outside director appointments and find no clear evidence that outside directors of any particular occupation are more or less valuable than others, consistent with the hypothesis that outside board members are chosen in the interest of shareholders.Citations
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Book ChapterDOI
Conceptualising the Corporate Governance Issues of Fintech Firms
TL;DR: Wang et al. as mentioned in this paper found that the Fintech firms lack anti-bribery policy and prone to have CEO duality, over-boarded directors and audit firms' failure to detect fraud.
Dissertation
The impact of corporate governance and its consequences on CSR disclosure : empirical evidence from Islamic banks in GCC countries
TL;DR: The need for CSR disclosure and the nature of the research problem were discussed in this paper. But the focus of the paper was not on CSR, but on the research aim and research objectives.
Journal ArticleDOI
Board audit committee and corporate insolvency
TL;DR: In this paper, the authors examined whether the presence, expertise, independence, size and meetings of the audit committee (AC) have an effect on corporate insolvency and found that the impact of the AC is negatively related to the meetings and independence but not to the AC's presence and size.
Journal ArticleDOI
The Evolution of Corporate Governance and Firm Performance in Transition Economies: The Case of Sellier and Bellot in the Czech Republic
Tomas Jandik,Craig G. Rennie +1 more
TL;DR: In this paper, the authors investigated the evolution of corporate governance and firm performance in transition economies, focusing on barriers that impeded adoption of optimal corporate governance at Czech ammunition manufacturer Sellier and Bellot.
Posted Content
Examining the Relationship between Female Board Members and Firm Performance - a Panel Study of US Firms
Kassim Hussein,Bill M. Kiwia +1 more
TL;DR: In this paper, the authors examined the relationship between female board members and firm performance for a panel of 250 US firms over the years 2000 and 2006 which marks an epic in gender equality and affirmative efforts.
References
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Journal ArticleDOI
Separation of ownership and control
Eugene F. Fama,Michael C. Jensen +1 more
TL;DR: The authors argue that the separation of decision and risk-bearing functions observed in large corporations is common to other organizations such as large professional partnerships, financial mutuals, and nonprofits. But they do not consider the role of decision agents in these organizations.
Journal ArticleDOI
Agency Problems and the Theory of the Firm
TL;DR: In this article, the authors explain how the separation of security ownership and control, typical of large corporations, can be an efficient form of economic organization, and set aside the presumption that a corporation has owners in any meaningful sense.
Journal ArticleDOI
Using daily stock returns: The case of event studies
TL;DR: In this paper, the authors examine properties of daily stock returns and how the particular characteristics of these data affect event study methodologies and show that recognition of autocorrelation in daily excess returns and changes in their variance conditional on an event can sometimes be advantageous.
Journal ArticleDOI
Outside directors and CEO turnover
TL;DR: This article examined the relation between the monitoring of CEOs by inside and outside directors and CEO resignations using stock returns and earnings changes as measures of prior performance, and found that there is a stronger association between prior performance and the probability of a resignation.
Posted Content
Two Agency-Cost Explanations of Dividends
TL;DR: In this article, the authors consider the problem of aligning managers' interests with those of investors and offer agency-cost explanations of dividends, and conclude that "these two lines of inquiry rarely meet." Yet logically any dividend policy should be designed to minimize the sum of capital, agency and taxation costs.