In this paper, we investigate the effects of internal corporate governance on the length it takes to remove a CEO after the initial sign of poor firm performance. We find that firms that have a better quality of internal corporate governance are quicker to remove poor-performing CEOs. This result persists after controlling for other factors that might influence the CEO removal decision.

The growing number of international environmental regimes with demanding commitments and binding rules has hardened many states’ reluctance to accept further commitments. This vacuum has been filled by the participation of “private actors” (understood as business-related actors) in both treaty negotiation and implementation. Transnational Public/Private partnerships are part of this emerging “h...

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...

Security certification assesses the security posture of a software system to verify its compliance with diverse, pre-specified security controls identified by guidelines from NIST and the US Department of Defense. Service-oriented architectures (SOA) are difficult to certify because they require compliance verification over a mix of local, global, and interaction criteria dictated by the polici...

Available online 4 April 2008 How is corporate governance measured? What is the relationship between corporate governance and performance? This paper sheds light on these questions while taking into account the endogeneity of the relationships among corporate governance, corporate performance, corporate capital structure, and corporate ownership structure. We make three additional contributions...

There is a broad consensus that sustaining growth in poor countries is a challenge not only because the right economic policies have to be identified but also because policies have to be supported by appropriate governance capabilities, which in poor countries are correspondingly weak. Weaknesses in governance have therefore received a great deal of attention in Africa and other poorly performi...

This paper makes a case for bushmeat as a theme of interest to development policy. Drawing on a range of secondary sources, it argues that there two are principal reasons for development assistance to address the issue of bushmeat management: its importance in the livelihood strategies of the poor, and its relevance to wider issues of public governance in forest-rich areas. However, in view of ...

Background Ongoing conflict and systematic targeting of health facilities and personnel by the Syrian regime in opposition-controlled areas have contributed to health system and governance mechanisms collapse. Health directorates (HDs) were established in opposition-held areas in 2014 by the interim (opposition) Ministry of Health (MoH), to meet emerging needs. As the local health authori...

Using ratings of corporate governance developed by RiskMetrics Group (RMG), formerly Institutional Shareholder Services, we investigate whether relatively poor governance is associated with financial restatement, and whether restatement results in improved governance. We identify 150 firms that restated their 2003 financial statements to correct material error, and we use Compustat to generate ...