Corporate governance and information asymmetry

Corporate Governance and Information Security

Information Disclosure and Corporate Governance

Disclosure is widely assumed to play an important role in corporate governance. Yet governance has not been the focus of previous academic analyses of disclosure. We consider disclosure in the context of corporate governance. We argue that disclosure is a two-edged sword. On one side, disclosure of information permits principals to make better decisions. On the other, it can create or exacerbat...

The Corporate Governance Role of Information Quality and Corporate Takeovers

This paper examines the corporate governance role of firms’ information quality and the takeover market in disciplining management. We consider a model where the takeover market plays a disciplinary role in replacing the inefficient incumbent manager to increase firm value. Increasing the information quality improves the takeover efficiency, but more precise information also discourages the man...

Market Discipline, Information Processing, and Corporate Governance

The paper reviews and assesses our understanding of the notion of “market discipline” in corporate governance. It questions the wholesale appeal to this notion in policy discussion, which fails to provide an account of the underlying mechanisms in terms of theory and empirical analysis. Discipline that is provided by the “market” must be compared to discipline that is provided by other institut...

Corporate Governance: Information security the weakest link?

Information is an important asset of any organisation and the protection of this asset, through information security is equally important. This paper examines the relationship between corporate governance and information security and the fact that top management is responsible for high-quality information security.