Corporate governance and the timeliness of audited financial statements

A proposed corporate governance reform: Financial statements insurance

The inherent conflicts of interest in the auditor–client relationship and the unobservability of financial statement quality are likely culprits in the recent corporate scandals such as Enron and WorldCom. The solution proposed here is a financial statement insurance (FSI) mechanism. Instead of appointing and paying auditors, companies would purchase financial statement insurance that provides ...

Corporate Governance and the Indonesian Financial System Corporate Governance and the Indonesian Financial System: A Comparative Perspective

Financial systems reform and corporate reform are deeply intertwined and thus are best addressed simultaneously and comprehensively. Indonesia is seeking to do this by developing rules, institutions, and mechanisms to achieve good corporate governance, while working to build an effectively functioning financial system that facilitates good corporate governance. This paper explores this quest in...

Managerial Preferences , Corporate Governance , and Financial Structure ∗

Conflicts of interest between insiders (e.g, controlling shareholders) and outsiders (e.g., minority shareholders) are central to the analysis of modern corporation. In an integrated continuous-time contingent claims framework with imperfect corporate governance, we examine a controlling shareholder’s optimal choice of capital structure, ownership concentration, private benefit diversion, consu...

Directorate for Financial and Enterprise Affairs OECD Steering Group on Corporate Governance Paper: CORPORATE GOVERNANCE AND THE FINANCIAL CRISIS

Impact of Corporate Governance on Financial Performance

The purpose of the study is to determine the structural relationship between corporate governance and financial performance. The study develops a model linking corporate governance and financial performance then verifies it through structural equation modeling based on partial least square. The study is based on random sample of all Karachi Stock Exchange listed companies. Data related to corpo...