University scandal, reputation and governance

Going Public without Governance: Managerial Reputation Effects

This paper addresses the agency problem between controlling shareholders and minority shareholders. This problem is common among public firms in many countries where the legal system does not effectively protect minority shareholders against oppression by controlling shareholders. We show that even without any explicit corporate governance mechanisms protecting minority shareholders, controllin...

Celebrity Endorsements, Firm Value, and Reputation Risk: Evidence from the Tiger Woods Scandal

We estimate the stock market effects of the Tiger Woods scandal on his sponsors and sponsors’ competitors. In the 10-15 trading days after the onset of the scandal the full portfolio of sponsors lost more than two percent of market value, with losses concentrated among the core three sponsors EA, Nike and PepsiCo (Gatorade). Sponsors’ day-by-day losses correlate strongly with Google search inte...

Law, Corporate Governance, and Corporate Scandal in an Emerging Economy: Insights from China

Scandal Potential

Despite its importance in contemporary American politics, presidential scandal is poorly understood within political science. Scholars typically interpret scandals as resulting from the disclosure of o cial misbehavior, but the likelihood and intensity of media scandals is also influenced by the political and news context. In this article, I provide a theoretical argument for two independent fa...

University Good Governance; The study of autonomy and accountability in Islamic Azad University, Qazvin Province

University autonomy and accountability have been playing such a vital role in all aspects of university governance that their importance cannot be over emphasized. Autonomy can be defined as “the right of a group of people to govern itself or to organize its own activities” and being autonomous means “being independent and having the power to make your own decisions”. On the other hand, account...