2022
DOI: 10.1108/sef-09-2021-0404
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Legal protection systems, corporate governance and firm performance: a cross-country comparison

Abstract: Purpose This paper builds on the “Law and Finance” theory and aims to examine the effect of the legal and institutional environment on the governance–performance relationship in the context of non-US firms. More precisely, it examines whether and how the country’s legal system and the level of investor protection interact with the firm-level corporate governance and affect firm performance. Design/methodology/approach The authors used the “G-Index” governance score developed by the Governance Metrics Interna… Show more

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Cited by 18 publications
(19 citation statements)
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References 98 publications
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“…, 2015). The demerits of duality leadership are having a much bigger and deep impact on emerging like India, which has the presence of weak legal institutional support which may give rise to opportunistic behaviour of such CEOs (Ghabri, 2022). Considering such demerits of the duality CEO, non-duality leadership is needed to better monitor the activity of the internal managers, thus non-duality leadership is an essential characteristic of a stronger board.…”
Section: Methodsmentioning
confidence: 99%
See 1 more Smart Citation
“…, 2015). The demerits of duality leadership are having a much bigger and deep impact on emerging like India, which has the presence of weak legal institutional support which may give rise to opportunistic behaviour of such CEOs (Ghabri, 2022). Considering such demerits of the duality CEO, non-duality leadership is needed to better monitor the activity of the internal managers, thus non-duality leadership is an essential characteristic of a stronger board.…”
Section: Methodsmentioning
confidence: 99%
“…Duality leadership has been criticised by many researchers on various grounds including that duality leadership may dilute the monitoring level and effectiveness of the board (Hsu and Chen, 2020;Singh and Sharma, 2023;Wijethilake and Ekanayake, 2020), leads to concentration of power BIJ 31,4 (Muhammad et al, 2022), reduces the necessary checks on the decision-making of internal managers (Hsu and Chen, 2020), such CEOs are difficult to remove when the business not performed as per the expectations (Masulis and Mobbs, 2014) and such CEOs may prioritise their self-interest over the common goal of shareholders and stakeholders (Ararat et al, 2015). The demerits of duality leadership are having a much bigger and deep impact on emerging like India, which has the presence of weak legal institutional support which may give rise to opportunistic behaviour of such CEOs (Ghabri, 2022). Considering such demerits of the duality CEO, non-duality leadership is needed to better monitor the activity of the internal managers, thus non-duality leadership is an essential characteristic of a stronger board.…”
Section: Board Meeting (Bmeet)mentioning
confidence: 99%
“…Sonuç değerlendirildiğinde kurumsal yönetimin verimli bir aktif yönetimine de katkı sağladığı ve aktiflerin net kara dönüşmesine yardımcı olduğu söylenebilir. Bu çalışmanın sonuçları alan yazınındaki birçok çalışma ile (Arayssi & Jizi, 2019;Bauer et al, 2004;Bhatt & Bhatt, 2017;Black et al, 2006;Ghabri, 2022;Kurt, 2020;Maher & Andersson, 2002;Ping, 2008) benzerlik göstermektedir.…”
Section: Sonuçunclassified
“…First of all, it should be stated that due to the lack of research related to the presentation of the dimensions of protecting the interests of shareholders, this research is placed in the hands of the first researchers who attempt to thematize compliance with the material/citizen rights of shareholders at the level of the capital market. Although in the past Ghabri (2022), Wasiuzzaman et al (2022) and Kouki (2018) studied the subject as can be seen, most of the research conducted in this field is quantitative and less research has been conducted through content screening to determine the dimensions of compliance with the material/citizenship rights of shareholders. Therefore, conducting this research can help to fill the theoretical and practical research gap.…”
Section: Introductionmentioning
confidence: 99%