This paper is to explore that if ownership structure exactly affects on earnings management, especially on how to constrain executive compensation motivation to earnings management in the emerging market of China. We use five variables to quantify various corporate governance mechanisms including ownership structure and executive compensation for 1024 listed firms sample within two years. We fi...

The initial sample of firm-quarter observations are derived from a September 2009 extract of the fundamentals quarterly table from Compustat. We include any U.S. firm (fic = “USA”) outside of the financial industry (sic outside of 6000 to 6999) and all firm-quarter observations with nonmissing information on total assets (atq), total sales (saleq), common shares outstanding (cshoq), closing sha...

Separation between CEO and Chairman of the Board is typically viewed as evidence of good corporate governance. Surprisingly, the literature has failed so far to uncover any significant relation between CEO/Chairman duality and firm performance. By distinguishing between periods with and without CEO turnover, we empirically identify two offsetting effects: the correlation between duality and per...

A model of corporate governance must explain (i) why governance matters; (ii) variation in governance across firms (i.e., be responsive to the Demsetz and Lehn, 1985, critique); and (iii) the positive correlations found empirically between quality of corporate governance and corporate performance. The model presented here satisfies these three criteria. It assumes exogenous variation in firm po...

This paper proposes to analyse models of corporate governance applied to businesses listed in the stock markets of the Iberian Peninsula, namely the ones of Lisbon and Madrid. The corporate governance subject is becoming increasingly important for businesses as it is difficult to manage the interests of every economic agents related to an organization. The corporate governance is characterized ...

The main purpose of this study was to explore whether the current corporate governance mechanisms have an impact on the company's performance in Romania. The importance of this study is given by the following reasons. Firstly, the study will contribute to the existing literature concerning corporate governance impact on firm performance of listed firms in Romania. Secondly, the result of this s...

A growing number of studies have examined the relationship between corporate governance and corporate entrepreneurship, with most finding that corporate governance has a significant influence (Zahra, 1996, Zahra et al., 2000b). However, the question of which ownership structure and governance mechanism most significantly drives corporate entrepreneurship in transitioning economies is still unde...