Do institutional shareholder services (ISS) corporate governance ratings reflect a company's operating performance?

Epps, Ruth W.; Cereola, Sandra J.

doi:10.1016/j.cpa.2007.06.007

Cited by 110 publications

(92 citation statements)

References 19 publications

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“…Beside financial fairness of a corporation it also enhances the financial and managerial capabilities by insuring the implementation of good practices (Epps & Cereola, 2008). Other studies like Anderson, Mansi and Reeb (2004), Matar et al (2014) show the same positive association between firm value and audit committee.…”

Section: Audit Committeementioning

confidence: 56%

An empirical analysis of corporate governance and firm value: Evidence from KSE-100 Index

Khan¹,

Tanveer²,

Malik³

2017

10.5267/j.ac

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This paper investigates the impact of corporate governance on firm value measured by Tobin's Q. Different corporate governance proxies i.e. board size, board independence, audit committee and CEO duality are interacted with firm value. A sample of 91 nonfinancial firms listed on KSE was selected over the period 2010-2014. The findings of the study show that board size and CEO duality had negative impacts on firm value. Moreover, board size, non-executive directors and audit committee had positive and significant impacts on firm value.Growing Science Ltd. All rights reserved. 7

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Section: Audit Committeementioning

confidence: 56%

An empirical analysis of corporate governance and firm value: Evidence from KSE-100 Index

Khan¹,

Tanveer²,

Malik³

2017

10.5267/j.ac

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“…Literatürde entelektüel sermaye ve işletme performansı arasındaki pozitif yönlü ilişkiyi inceleyen çalışmaların (Bontis, 1988;Yıldız, 2011b;Sharabati, Jawad ve Bontis, 2010) yanında, kurumsal yönetim ve işletme performansı arasındaki ilişkiyi inceleyen çalışmalar (Bauer, Frijns, Otten, Tourani-Rad, 2008;Epps ve Cereola, 2008;Sakarya, 2011) da vardır. Fakat literatürde entelektüel sermaye, kurumsal yönetim derecelendirme notu ve işletme performansı arasındaki ilişkileri inceleyen çalışmaya rastlanmamıştır.…”

Section: Değişkenler Arası İlişkilerunclassified

“…Kurumsal yönetim ve kurumsal yönetim unsurları ile işletme performansı göstergeleri (ROA, ROE) arasında anlamlı ilişkili olmadığı da bir diğer gözlemdir. Bu sonuç literatürdeki Epps ve Cereola (2008), Donker ve Zahir (2008), Aysu ve Aytekin (2015) ve Karakoç vd. (2016) çalışmalarının sonuçlarıyla benzerdir.…”

Section: Sonuçunclassified

A Research on Relationship Between Intellectual Capital, Corporate Governance Rating Notes and Business Performance

Horasan¹,

Aybas²,

Yıldız³

2017

Kafkas Univ Vet Fak Derg

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According to the resource-based view, companies's valuable, rare, irreplaceable and inimitable strategic resources are vital for companies to create competitive advantage. It is assumed that the development of the intellectual capital, which is considered as a strategic resource, may be related to the corporate governance level and performance of the companies. The purpose of this research is to reveal the relationship between intellectual capital, corporate governance rating note and company performance. The method of research includes hypothesis. Secondary data will be used in the research and the data collection tools are the Corporate Governance Compliance Rating Reports published by the rating agencies which authorized by the Capital Markets Board (CMB) and the reports published by Borsa Istanbul (BIST) and the Public Disclosure Platform (PDP). While Intellectual Capital will be measured by the Market to Book Value Ratio (MV / BV), Market Value -Book Value (PD -DD) and Tobin's Q Ratio, corporate performance will be measured by the Return on Assets (ROA) and Return on Equity (ROE). The corporate governance rating notes will be derived from the reports of the relevant companies and main sections of the reports that are shareholders, public disclosure and transparency, stakeholders and boards of directors will be taken into consideration. In the probable findings of the research, it is expected that positive correlations between variables. The main limitation of the study is that since some of the secondary data have not been published, it will be taken into account the 2015 data when the analyzes are done. Proposals will be made for further work in the conclusion section.

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“…Return on aseet (ROA) memungkinkan pengguna untuk menilai seberapa baik mekanisme corporate governance suatu perusahaan dalam memotivasi manajemen perusahaan yang efisien (Epps & Cereola, 2008). Return on equity (ROE) digunakan untuk mengukur kinerja manajemen perusahaan dalam mengelola modal yang tersedia untuk menghasilkan laba setelah pajak.…”

Section: Pendahuluanunclassified

Pengaruh Corporate Governance Terhadap Kinerja Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia

Muchtar¹,

Darari²

2016

manaj. pemasar. jasa.

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Do institutional shareholder services (ISS) corporate governance ratings reflect a company's operating performance?

Cited by 110 publications

References 19 publications

An empirical analysis of corporate governance and firm value: Evidence from KSE-100 Index

An empirical analysis of corporate governance and firm value: Evidence from KSE-100 Index

A Research on Relationship Between Intellectual Capital, Corporate Governance Rating Notes and Business Performance

Pengaruh Corporate Governance Terhadap Kinerja Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia

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