Companies in different countries have different corporate governance systems. One of the reasons is that the trade cost dealing in the society and other economic factors are different in different countries. View from this angle, corporate governance systems should have the value that can reduce the costs. However, observing the situations of corporate governance in the real society, we will fi...

The more profound global diversification wealth effect for acquiring firm shareholders in the last decade as well as corporate governance characteristics are found varying with the industry affiliations of the acquirers. The divergent corporate governance across industries appears to explain the differential wealth effect. Manufacturing industries benefit the most through globalization but thei...

Corporate social responsibility is a concept whereby companies integrate social and environmental concerns in their business activities and interactions  with their stakeholders on a voluntary basis. In this global context, voluntary social and environmental practices of business which go beyond companies’ existing legal obligations play a major role in filling the governance gap in an innovati...

The book “Corporate Governance in Croatia” (Korporativno upravljanje u Hrvatskoj) is the first genuine edition on corporate governance practice in Croatian joint stock companies listed at the Zagreb Stock Exchange. It originates from the idea of developing the South East Europe (SEE) specific customized measure of corporate governance quality and is one of the accomplishments of the large-scale...

This paper examines the degree of stability in the structure of the corporate elite network in the US during the 1980s and 1990s. Several studies have documented that board-toboard ties serve as a mechanism for the diffusion of corporate practices, strategies, and structures; thus, the overall structure of the network can shape the nature and rate of aggregate corporate change. But upheavals in...

Equity overvaluation is thought to create the potential for manager misbehavior, while monitoring and corporate governance curb misbehavior. Thus, the effects of corporate governance should be greatest when firms become overvalued. We test this simple yet powerful idea. Using proxies of price deviations from fundamentals and standard measures of corporate governance we demonstrate that firm per...

This study empirically investigates the relationship between the timeliness of the financial reporting and the corporate governance proxies for companies listed on the Tunisian stock exchange during 2009.It investigates the role of the corporate governance mechanisms on the timeliness of corporate financial reporting besides; it investigates the relationship between the company size, leverage, ...

This article sets out a framework for the analysis of corporate governance and international business. We take a broad perspective on corporate governance mechanisms and consider possible synergies between corporate governance and international business (IB) research. We summarize the papers included in this Focused Issue, and draw out their main contributions to the literature. We compare and ...

We investigate how borrowers’ corporate governance influences bank loan contracting terms in emerging markets and how this relation varies across countries with different country-level governance. We find that borrowers with stronger corporate governance obtain favorable contracting terms with respect to loan amount, maturity, collateral requirements, and spread. Firm-level and country-level co...

External regulation is an important mechanism to improve corporate behavior in emerging markets. China's insurance governance regulation, which began to supervise and guide insurance corporate governance behavior in 2006, has experienced a complex process of reform. This study tested our hypotheses with a sample of 85 firms during 2010-2011, which was obtained by providing a questionnaire to al...