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Weir, Charlie; Laing, David

doi:10.1023/a:1009950903720

Cited by 109 publications

(13 citation statements)

References 34 publications

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“…Some latter studies (e.g. Dedman, 2002;Weir & Laing, 2000) also claimed the same i.e. the Cadbury Code is well accepted by the sample companies.…”

Section: Compliance With Codes: Review Of Literature On Developed Andmentioning

confidence: 62%

“…For instance, Fernández-Rodríguez et al (2004), Del Brio et al (2006) and Reverte (2009) have examined the impact of the Spanish Code; Igor et al (2006) and Rosen (2007) for Germany; Alves & Mendes (2004) for Portugal; whilst, the Cadbury Code has been studied by a number of studies (e.g. Apostolides, 2010;Dahya et al, 2002;Dedman, 2002;Doble, 1997;Mallin and Ow-Yong, 2010;Weir and Laing, 2000). These studies generally find a positive impact on firm performance upon compliance.…”

Section: Compliance With Codes: Review Of Literature On Developed Andmentioning

confidence: 99%

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Corporate Governance in Bangladesh: Evidence of Compliance

Ferdous¹

2018

IBR

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This study investigates companies’ level of compliance with the Code of Corporate Governance for Bangladesh. Using a quantitative approach, it aims to understand the extent a regulatory provision can enhance the governance scenario of a company. It employed a survey methodology, with a questionnaire being sent to all 229 companies listed on the Dhaka Stock Exchange. The results of the multivariate analysis suggest that age, size, industry and type of company have a statistically positive correlation with the level of compliance with the Code provisions. The findings of the study indicate that listed companies are, on average, moderately compliant with the Code, and compliance is comparatively higher with the Code provisions that coincide with other regulatory provisions. The major theoretical contribution of this study is with its empirical evidence of the code compliance literature from a developing country perspective. Moreover the findings can be used as a guide to help develop policies for better implementation of good governance standards; the identification of areas of non-compliance are expected to help code formulators, regulators and also companies to understand why and where companies are falling behind in compliance with the Code.

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“…Some latter studies (e.g. Dedman, 2002;Weir & Laing, 2000) also claimed the same i.e. the Cadbury Code is well accepted by the sample companies.…”

Section: Compliance With Codes: Review Of Literature On Developed Andmentioning

confidence: 62%

Section: Compliance With Codes: Review Of Literature On Developed Andmentioning

confidence: 99%

Corporate Governance in Bangladesh: Evidence of Compliance

Ferdous¹

2018

IBR

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“…random effects or fixed effects) without testing to ensure consistent and efficient results. To achieve consistent and efficient results in this study, and unlike prior pre and post board structure-performance relationship studies (Weir and Laing, 2000; Bhagat and Bolton, 2009), we assess the suitability of the regression models before our empirical analysis. This makes our study different from prior pre and post studies in general and in particular the Ghanaian studies.…”

Section: Methods Of Estimationmentioning

confidence: 99%

“…Although the relationship between board structure governance mechanisms and firm performance are still not conclusive, evidence on the pre and post-adoption of a particular code impact on firm performance is still limited. In the UK, Weir and Laing (2000) analysed the relationship between board structure governance mechanisms and firm performance for two years, 1992 (pre-1992 Cadbury report) and 1995 (post-1992 Cadbury report) but documented mixed evidence. They found a significant and consistent negative relationship between outside directors and firm performance during both sub-periods.…”

Section: Introductionmentioning

confidence: 99%

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The performance consequences of board structure changes: Evidence from Ghana

Owusu

Holmes

Agyemang

2017

COC

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This paper analyses the performance consequences of board structure changes in Ghana for the study period 2000 to 2009. In 2003, the Ghanaian listed firms adopted the Ghanaian Corporate Governance Code on comply or explain basis but no study to date has analysed the pre-2003 and post-2003 board structure changes impact on firm performance in the Ghanaian environment. We predict that board structure changes prompted by the introduction of the Ghanaian Code in 2003 should lead to better firm performance. Using a panel regression model, our results show that duality decreases firm performance pre-2003, but those firms that separate the two posts in line with the recommendations of the Ghanaian Code did not perform better than those that combined the two post-2003. While we find no relationship between board committees and firm performance pre-2003, the relationship switched to positive and statistically significant post-2003. The most consistent result we find concerns board size. However, the non-executive director representation on the board appears to have no impact on firm performance. These results show that not all board structure recommendations introduced by the Ghanaian Code are effective in achieving superior performance in Ghana.

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Understanding the Determinants of RiskMetrics/ISS Ratings of the Quality of UK Companies' Corporate Governance Practice

Hussainey

Al‐Najjar

2012

Can J Adm Sci

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We examine the determinants of RiskMetrics/ISS Ratings of the quality of UK companies' corporate governance practice and investigate whether corporate governance mechanisms and firm specific characteristics affect these ratings. We also investigate the association between firms' financial distress and these ratings. Using data for nonfinancial Financial Times Stock Exchange (FTSE) 250 firms over the 2003 to 2009 period, we find that board independence, managerial ownership, institutional ownership, firm size, and profitability are associated with firms' corporate governance ratings. In addition, we find that more independent directors on the board, more institutional ownership, and larger size lead to a high level of board-related ratings. Finally, we find no association between corporate governance ratings and financial distress

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Untitled

Cited by 109 publications

References 34 publications

Corporate Governance in Bangladesh: Evidence of Compliance

Corporate Governance in Bangladesh: Evidence of Compliance

The performance consequences of board structure changes: Evidence from Ghana

Understanding the Determinants of RiskMetrics/ISS Ratings of the Quality of UK Companies' Corporate Governance Practice

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