Corporate governance and value creation index
نویسندگان
چکیده
منابع مشابه
Corporate Governance and Value Creation: Indian Experience
Corporate governance is a complex issue, the focal point of which is the exercise of power. The power has limits, however, imposed by both legislation and contracts. Also, even if the overarching power belongs to the shareholders, residual power cannot be exercised to the detriment of the rights of the other stakeholders. Because the governance system and resulting structures have a major influ...
متن کاملCorporate Governance and Liquidity Creation: Evidence from Iranian Banks
This paper examines the impact of internal bank governance on bank liquidity creation in Iran during 2010-2017. We analyze whether banks with larger size and liquidity levels creates higher levels of liquidity. The results using panel GMM method show that corporate governance has a positive effect on liquidity creation; of course, it is not significant. Also, this effect is not affecting by ban...
متن کاملGovernance through Shame and Aspiration: Index Creation and Corporate Behavior in Japan
We study how a stock index can affect corporate behavior by serving as a source of prestige. After decades of low corporate profitability in Japan, the JPX-Nikkei400 index was introduced in 2014. The index selected 400 large and liquid firms deemed to be best-performing in terms of profitability annually; membership was considered highly prestigious. We document that index-inclusion incentives ...
متن کاملStakeholder Capitalism, Corporate Governance and Firm Value∗
We consider the advantages and disadvantages of stakeholder-oriented firms that are concerned with employees and suppliers as well as shareholders compared to shareholderoriented firms. Societies with stakeholder-oriented firms have higher prices, lower output, and can have greater firm value than shareholder-oriented societies. In some circumstances, firms may voluntarily choose to be stakehol...
متن کاملUnderstanding Firm Value and Corporate Governance
An impressive volume of careful empirical studies finds evidence that the strength of firms’ corporate governance tends to be positively correlated with their financial performance; that is, firms that score higher on some measure of governance tend to outperform those which score worse. These findings are a puzzle insofar as we expect those who decide how a firm is organized, including its cor...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Corporate Ownership and Control
سال: 2016
ISSN: 1810-3057,1727-9232
DOI: 10.22495/cocv14i1c1p7