This paper examines the cross-sectional relation between corporate governance and firm liquidity in the Chinese stock market. Each year we construct a measure of overall quality of governance based on publicly available information for each firm listed on the Shanghai Stock Exchange (SHSE) and the Shenzhen Stock Exchange (SZSE) over the 1999-2004 interval. After accounting for other liquidity-r...

The relevance of corporate governance principles in the management of corporate organisations cannot be underestimated. The increasing influence of principles of corporate governance across the globe has been greatly linked to the recent corporate frauds and scandals. These frauds and scandals largely resulted from the failure of authorities of countries to effectively implement the legal and r...

With reported security incidents in organisations on the increase, effective Security Governance is expected to become a major issue in organisations. A research framework of Security Governance was created from a literature review into Corporate Governance, IT Governance, and Security Management. Reported in this paper is an initial case study based on this framework. The framework covers the ...

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 study investigates the effect of globalisation on governance in 51 African countries for the period 1996-2011. Four bundled governance indicators and four globalisation (political, economic, social and general) variables are used. The empirical evidence is based on Instrumental Variable Quantile Regressions. The motivation for the estimation technique is that blanket governance-globalisati...

Governance Institutions and Economic Activity By AVINASH DIXIT The concept of “governance” has risen from obscurity to buzzword status in just three decades. EconLit shows only 5 mentions of the word governance in the 1970s; by the end of 2008, it was mentioned 33,177 times. The much more specific phrase “economic governance” has appeared 192 times; its more popular cousin, “corporate governanc...

Two profiles of interorganizational governance of IT were obtained from interviews conducted with leaders involved in setting the governance mechanism needed to support successful IT collaboration with their business partners. Three attributes, based on literature from network governance streams, were used to uncover those profiles. They are the IT governance structure, the processes put in pla...

The purpose of this paper is to explore a metasystem perspective and implications for governance of complex systems. Governance of complex systems is the set of functions that manage the system to achieve its goals while the system experiences change. A metasystem perspective is essential to understanding the factors affecting system governance and in defining the minimum critical specification...