Will Corporate Governance Reform Create an Economic Revival?
نویسنده
چکیده
In this paper, we investigate whether firm performance is affected by corporate governance and the change of corporate governance after Sarbanes-Oxley Act (SOX hereafter). We find that firm performance, on average, is negatively associated with the corporate governance after the passage of SOX. However, the firm performance is not significantly associated with the change of corporate governance after SOX. Our results suggest that firm performance is not significantly affected by SOX.
منابع مشابه
Area of Economics and Finance
The goal of this paper is to provide an analysis of corporate governance in China. We examine corporate governance as it has evolved with China’s economic reform and how it has been influenced by laws and regulations, politics, and Chinese culture. The paper focuses predominantly on corporate governance in publicly listed state-owned enterprises. Many problems in the current corporate governanc...
متن کاملFuture of Institutional Share Voting: Three Paradigms
The voting universe is dominated by corporate governance specialists, many of whom actively sponsor seemingly never-ending corporate governance reforms. These in-house corporate governance activists share their enthusiasm for continuous corporate governance reform with a number of academics who focus on corporate governance and with the major proxy advisory firms, which provide outsourcing of...
متن کاملCorporate Governance: an Introduction to the Argentine Case
The purpose of this paper is to provide with a preliminary analysis of corporate governance in Argentina. One of the particular features of the local scenario is that many of the most significant local firms have an important degree of ownership concentration. At the same time, this ownership is in the hands of families. The economic reform of the nineties created a significant transfer of owne...
متن کاملInvestigating the Compliance rate of Iranian Banks with Indicators of Corporate Governance Model
Corporate Governance debates raised seriously in scandals and financial crisis of recent decades in large companies and banks. The focus of this debate is not merely the corporate governance system, and its main function is to preserve the interests of stakeholders. At the macro level, economic efficiency, sustainable growth and financial stability are important effects of the system. Establish...
متن کاملCorporate 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...
متن کامل