Topic
Corporate governance
About: Corporate governance is a research topic. Over the lifetime, 118591 publications have been published within this topic receiving 2793582 citations.
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TL;DR: Li et al. as discussed by the authors studied the relationship between the governance mechanisms and the market valuation of publicly listed firms in China empirically and found that investors pay a significant premium for well-governed firms.
Abstract: This paper studies the relationship between the governance mechanisms and the market valuation of publicly listed firms in China empirically. We construct measures for corporate governance mechanisms and measures of market valuation for all publicly listed firms on the two stock markets in China by using data from the firm???s annual reports. We then investigate how the market-valuation variables are affected by the corporate governance variables while controlling for a number of factors commonly considered in market valuation analysis. A corporate governance index is also constructed to summarize the information contained in the corporate governance variables. The index is found to have statistically and economically significant effect on market valuation. The analysis indicates that investors pay a significant premium for well-governed firms in China, benefiting firms that improve their governance mechanisms.
634 citations
Book•
10 Mar 2000
TL;DR: Value-Driven Intellectual Capital as mentioned in this paper is a handbook for turning corporate knowledge, know-how, and intellectual property into a sustainable competitive weapon that will build a firm's reputation and market share.
Abstract: From the Publisher:
Value-Driven Intellectual Capital is a corporate and financial executives' handbook to the new world of intangible assets - what they are and how to convert them into cash or strategic position. Value-Driven Intellectual Capital explains the new, boundary-expanding world of intellectual assets - where translating an innovative idea into bottom-line profits involves a tightly focused strategy with clear directives for making it happen. It is a blueprint for turning corporate knowledge, know-how, and intellectual property into a sustainable competitive weapon that will build a firm's reputation and market share." "Value-Driven Intellectual Capital is for any corporate or financial executive, merger and acquisition partner or investor who understands how much future corporate survival and success depends on the simple enduring genius of a good idea and the need to convert those ideas into corporate value.
634 citations
Book•
30 Aug 1994
TL;DR: Young's analysis invokes the distinction between "governance", a social function involving the management of interdependent individuals or groups, and "government", a set of formal organizations that makes and enforces rules.
Abstract: How can the global environment be safeguarded in the absence of a world government? In the vanguard of efforts to address this critical question, Oran R. Young draws on environmental issues to explore the nature of international governance. Young's analysis invokes the distinction between "governance," a social function involving the management of interdependent individuals or groups, and "government," a set of formal organizations that makes and enforces rules.
632 citations
TL;DR: In contrast to prior studies examining strategic alliances as discrete governance structures (e.g., alliances vs. MA) rather, repeat collaborators are less likely to adopt contractual provisions that are informational in nature and are geared to the coordination of the alliance as discussed by the authors.
Abstract: In contrast to prior studies examining strategic alliances as discrete governance structures (e.g., alliances vs. MA rather, repeat collaborators are less likely to adopt contractual provisions that are informational in nature and are geared to the coordination of the alliance. Copyright © 2007 John Wiley & Sons, Ltd.
632 citations
TL;DR: In this article, the authors examined the relationship between management diversity and firm performance in the case of women in top executive jobs and on boards of directors and found that the proportion of women on top management jobs tends to have positive effects on firm performance, even after controlling for numerous characteristics of the firm and direction of causality.
Abstract: Purpose – This paper aims to examine the relationship between management diversity and firm performance in the case of women in top executive jobs and on boards of directors. Corporate governance literature argues that board diversity is potentially positively related to firm performance. This hypothesis is tested in the paper.Design/methodology/approach – In this paper with the use of data for the 2,500 largest Danish firms observed during the period 1993‐2001 various statistical models for firm performance are specified and estimated. The main focus in the models is the estimated relationship between the proportion of women in top management (CEOs and on boards of directors) and firm performance.Findings – The results in this paper show that the proportion of women in top management jobs tends to have positive effects on firm performance, even after controlling for numerous characteristics of the firm and direction of causality. The results show that the positive effects of women in top management stron...
631 citations