This study attempts to re-examine several hypotheses suggested by the literature concerning the relationship between corporate governance and corporate performance using the data from China. The findings of the paper suggest that corporate performance in China is mostly influenced by other economic variables, not by corporate governance and the hypotheses that corporate governance will have pos...

Clear property right is the core of modern enterprise system, but it can’t become all-powerful medicine to an enterprise because many enterprises with clear property rights in some countries can’t avoid bankruptcy in market competition yet. Good corporate governance as a system arrangement will be good to the organization management operation. The research to the corporate governance of enterpr...

As the REIT regime has been expanding globally, corporate governance practices in emerging REIT markets have become a major concern for domestic and international investors alike. Idiosyncrasies stemming from the ownership models applied in Asian economies and the fact Asian REITs are often externally managed “captive entities” make issues pertaining to corporate governance of the listed real e...

The aim of the current study is to investigate the effectiveness of the Turkish corporate governance system. To reach this aim, the paper first discusses the corporate governance system of Turkey briefly. The measures of effectiveness of a corporate governance system are formulated and CEO turnover is used as a measure. The effectiveness of the Turkish corporate governance system is analyzed by...

The purpose of the study is to determine the structural relationship between corporate governance and financial performance. The study develops a model linking corporate governance and financial performance then verifies it through structural equation modeling based on partial least square. The study is based on random sample of all Karachi Stock Exchange listed companies. Data related to corpo...

We develop a theory of the e¤ects of external corporate governance mechanisms — such as takeover pressure — and internal mechanisms — such as compensation contracts and monitoring intensity — on innovation. Our theory generates the following testable predictions: (i) innovation varies non-monotonically in a U-shaped manner with takeover pressure; (ii) innovation increases with monitoring intens...

In this study we evaluate ISO/IEC 38500:2008, the Corporate Governance of Information Technology standard, as a design artefact in the context of development and deployment of a large IT system in a public/private-sector context. The findings show that ISO/IEC 38500:2008 has merit as an analytical framework, providing a good basis upon which to objectively evaluate the corporate governance of I...

Purpose – The governance structure of monasteries is analyzed to gain new insights and apply them to solve agency problems of modern corporations. In a historic analysis of crises and closures we ask, if Benedictine monasteries were and are capable of solving agency problems. The analysis shows that monasteries established basic governance instruments very early and therefore were able to survi...