T he year 2002 was one of great tumult for the American corporation. As the year began, news of accounting irregularities at energy giant Enron was unfolding at a rapid pace. These revelations would ultimately lead to the demise of that firm and its auditor Arthur Andersen. But Enron was not an isolated case, as other accounting scandals soon followed at WorldCom and Global Crossing in the tele...

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...

The bulk of corporate governance theory examines the agency problems that arise from two extreme ownership structures: 100 percent small shareholders or one large, controlling owner combined with small shareholders. In this paper, we question the empirical validity of this dichotomy. In fact, one-third of publicly listed firms in Europe have multiple large owners, and the market value of firms ...

We untangle safeguard and coordination effects of interfirm governance mechanisms in the context of hazardous buyer-supplier relationships. We propose that the extent to which such mechanisms prevail as safeguards or coordination devices varies with the moderating effects of complexity and asset specificity. In nonspecific but complex exchanges, such mechanisms operate more as coordination mech...

Corporate entrepreneurship can be considered important for organizational performance. While being recognized to be important for development of innovations and technologies of small and medium sized firms and for innovation/technology strategies of large firms, inter-organizational relationships in terms of networks and alliances have received limited research attention in the context of corpo...

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...

The purpose of the present paper is that of researching the impact of corporate governance on financial performance, on a sample of 3 companies (Tamin Petroleum & Petrochemical Investment Co., Persian Gulf Petrochemical Industries Company and Parsian Oil and Gas Development Group), mainly from the chemical industry area, listed at Tehran Stock Exchange index, during the period 2011-2016. In thi...

Article history: Received 27 April 2011 Received in revised form 30 November 2011 Accepted 30 November 2011 Available online 8 December 2011 Better corporate governance can reduce the scope for increasing shareholder value and thus discourage M&A FDI inflows. Sound governance may also discourage non-M&A FDI inflows in light of the complementary relationship between M&A and non-M&A FDI. We use f...

http://dx.doi.org/10.1016/j.uclim.2015.09.009 2212-0955/ 2015 Elsevier B.V. All rights reserved. ⇑ Corresponding author at: National Institute of Urban Affairs, Core 4B, India Habitat Centre, Lodhi Road, New Delhi 110003, India. Tel.: +91 11 24 24617517. E-mail addresses: [email protected], [email protected] (M. Sethi). 1 MIT-UTM Malaysia Sustainable Cities Program. Mahendra Sethi a,d,⇑, ...

This paper examines the relationship of CEO pay and company performance for 280 firms listed on the New York Stock Exchange for a period from 2006 through 2009. The time frame of the study is a period after the adoption of the Sarbanes Oxley Act and after the SEC approval of the corporate governance rules affecting executive pay for New York Stock Exchange companies. I find there to be a positi...