This study examines the association between board structure and corporate performance, where performance is defined as the value added (VA) efficiency of the firm’s physical and intellectual resources rather than the more commonly used financial terms or profitability ratios. It is argued that the inclusion of intellectual elements into the measurement provides a long-term measurement of corpor...

Since the demise of apartheid in South Africa, corporations have been encouraged to participate in the governmental goal of increasing corporate ownership by the black majority population. One vehicle that has arisen to help facilitate an increase in corporate ownership has been black economic empowerment (BEE) transactions. BEE transactions are essentially private placements of equity. Firms t...

This thesis extends the literature on the role of state ownership by distinguishing the governance roles of two types of state-share holders in China’s listed companies. Government agencies that act as state-share holders (“GA shareholders”) are detrimental to firm value according to both the political and managerial perspectives. Non-government agencies such as SOEs and other forms of market-o...

We are pleased to present the recent issue of journal Corporate Ownership and Control. The Control is devoted issues corporate governance, board directors, CEO practices, mergers acquisitions, firm performance, sustainability, ownership, ESG, intellectual capital other related issues.

Purpose – The present paper aims to measure talent management using corporate governance as a proxy measure and examine its impact on business performance in a public-sector bank, i.e. State Bank of India. Design/methodology/approach – Quarterly reports of State Bank of India from the financial periods 2006-2007 to 2009-2010 are used to collect data with respect to boardroom characteristics and...

This paper explores the role of corporate governance in the Asian crisis countries: Korea, Indonesia, Malaysia and Thailand. It argues that the focus in an analysis of corporate governance should be on the provision of external equity finance -the position of outside minority shareholders. The proportion of equity finance in the capital structure of firms is highly correlated with the status of...

The separation of ownership and control in corporations opens up the potential for moral hazard. Thus it is conventional wisdom that managers who are not closely monitored pursue personal goals rather than maximize shareholder wealth. Yet little is known about what these goals are, despite the importance of understanding manager behavior when designing corporate governance rules. This paper pro...

The separation of ownership and control in corporations opens up the potential for moral hazard. Thus it is conventional wisdom that managers who are not closely monitored pursue personal goals rather then maximize shareholder wealth. Yet little is known about what these goals are, despite the importance of understanding manager behavior when designing corporate governance rules. This paper pro...

Taking Chinese listed companies in 2008–2015 as the sample, in this paper we test in detail the impact of female directors on corporate environmental investments. Furthermore, we study the impact of female directors on environmental investment in enterprises with different types of ownership and industry attributes. Empirical studies show that when there are only 1 or 2 female directors on the ...

In this paper, we report the survey results from executives of companies in ten countries in Central and Eastern Europe (CEE) – Bulgaria, Croatia, Czech Republic, Hungary, Latvia, Lithuania, Poland, Romania, Slovak Republic, and Slovenia – regarding their companies’ capital budgeting practices. We document interesting insights on how theoretical corporate finance concepts are applied by practit...