Are East Asian Companies Benefiting from Western Board Practices?

Nowland, John

doi:10.1007/s10551-007-9389-1

Cited by 38 publications

(27 citation statements)

References 33 publications

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“…Second, changes in board independence have a significant effect on company disclosure practices. While Nowland (2008) has established that the introduction of the codes has been associated with increased board independence, this study repeats the analysis on our sub-sample of companies. Model 3 therefore tests for the effect of the codes on board independence.…”

Section: Indirect Effect Of Codesmentioning

confidence: 94%

“…Ownership data is obtained directly from company annual reports. Board independence data is sourced from Nowland (2008), which tracks the board independence of the largest non-financial firms in each country since the Asian crisis. To be included in the sample, companies need complete data for each firm-year observation.…”

Section: Data and Variables Samplementioning

confidence: 99%

“…Of these, 49 per cent are familyowned companies. The board independence sub-sample merges board independence data sourced from Nowland (2008) with the full sample. This results in a board independence sub-sample of 101 companies and 440 firm-year observations from five countries over the period 1999 to 2004.…”

Section: Data and Variables Samplementioning

confidence: 99%

“…Second, changes in company governance practices have a significant effect on company disclosure practices. A previous empirical study has already established the first relationship, with Nowland (2008) showing that the introduction of the codes in these Asian countries has been associated with improved corporate governance practices, such as increased board independence. The second relationship is more complex.…”

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confidence: 97%

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The Effect of National Governance Codes on Firm Disclosure Practices: Evidence from Analyst Earnings Forecasts

Nowland

2008

Corporate Governance

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Manuscript Type: Empirical Research Question: This study examines whether voluntary national governance codes have a significant effect on company disclosure practices. Two direct effects of the codes are expected: 1) an overall improvement in company disclosure practices, which is greater when the codes have a greater emphasis on disclosure; and 2) a leveling out of disclosure practices across companies (i.e., larger improvements in companies that were previously poorer disclosers) due to the codes new comply-or-explain requirements. The codes are also expected to have an indirect effect on disclosure practices through their effect on company governance practices. Research Findings/Results:The results show that the introduction of the codes in eight East Asian countries has been associated with lower analyst forecast error and a leveling out of disclosure practices across companies. The codes are also found to have an indirect effect on company disclosure practices through their effect on board independence. Practical Implications: This study shows that a regulatory approach to improving disclosure practices is not always necessary. Voluntary national governance codes are found to have both a significant direct effect and a significant indirect effect on company disclosure practices. In addition, the results indicate that analysts in Asia do react to changes in disclosure practices, so there is an incentive for small companies and family-owned companies to further improve their disclosure practices.

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Section: Indirect Effect Of Codesmentioning

confidence: 94%

Section: Data and Variables Samplementioning

confidence: 99%

Section: Data and Variables Samplementioning

confidence: 99%

mentioning

confidence: 97%

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The Effect of National Governance Codes on Firm Disclosure Practices: Evidence from Analyst Earnings Forecasts

Nowland

2008

Corporate Governance

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“…CG was not a main concern in East Asia (Nowland, 2007). After the Asian Financial Crisis in 1997, it was discovered that the crisis was mainly caused by the structural weaknesses with lack of CG in Asian's companies (Ho, 2003).…”

Section: Importance Of Corporate Governance After the Financial And Amentioning

confidence: 99%

RELATIONSHIP BETWEEN CORPORATE GOVERNANCE & COMPANY PERFORMANCE OF HONG KONG BASED & CHINA BASED FAMILY-CONTROLLED PROPERTY DEVELOPMENT COMPANIES

Fong¹

2017

Proceedings of the 6th Business &Amp; Management Conference, Geneva

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Emerging Giants, Aspiring Multinationals, and Foreign Executives: Leapfrogging, Capability Building, and Competing with Developed Country Multinationals

Arp

2014

Human Resource Management

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The phenomenon of emerging‐market organizations appointing foreign executives from distant cultural contexts to headquarters positions has stirred public and academic interest. Emerging giants, aspiring multinationals, and even local organizations that focus entirely on domestic markets have joined the global hunt for management talent. This article reports why foreign executives from significant cultural distance are appointed to local headquarters positions, what they contribute, and why these positions are not filled with local executives. Data are sourced from in‐depth interviews with two sample groups in organizations founded and headquartered in Malaysia (46 foreign executives from 13 countries and 25 host‐country peers from three local ethnocultural groups). Triangulation of dyadic data from these two sample groups reveals a dichotomy between the initial reasons for which foreign executives are appointed and the continued reasons why some of these executives remain in their positions. © 2014 Wiley Periodicals, Inc.

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Are East Asian Companies Benefiting from Western Board Practices?

Abstract: board committees, board independence, corporate governance, East Asia,

Cited by 38 publications

References 33 publications

The Effect of National Governance Codes on Firm Disclosure Practices: Evidence from Analyst Earnings Forecasts

The Effect of National Governance Codes on Firm Disclosure Practices: Evidence from Analyst Earnings Forecasts

RELATIONSHIP BETWEEN CORPORATE GOVERNANCE & COMPANY PERFORMANCE OF HONG KONG BASED & CHINA BASED FAMILY-CONTROLLED PROPERTY DEVELOPMENT COMPANIES

Emerging Giants, Aspiring Multinationals, and Foreign Executives: Leapfrogging, Capability Building, and Competing with Developed Country Multinationals

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