The effects of firm performance on corporate governance

Valenti, M. Alix; Luce, Rebecca A.; Mayfield, Clifton O.

doi:10.1108/01409171111116295

Cited by 54 publications

(44 citation statements)

References 73 publications

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“…This is consistent with the results of prior researches that revealed a negative significant association between board independence and Tobin`s Q either in developed countries (Singh & Gaur, 2009;Stanwick & Stanwick, 2010;Switzer & Tangb, 2009;Valenti et al, 2011;Wang & Oliver, 2009) or in developing countries like Mohd (2011) and Khan and Javid (2011). One reasonable explanation for the negative significant association between board independence and Tobin`s is that frequent board meetings do not automatically translate to enhanced firm performance but it may reflect issues in the firm (Jensen, 1993).…”

Section: Regression Results Of Model (Based On Marketing Measure)supporting

confidence: 82%

“…Form other side, many researchers have also found that there is a negative relationship between board independence and firm performance in developed countries like Singh & Gaur, 2009;Stanwick & Stanwick, 2010;Switzer & Tangb, 2009;Valenti et al, 2011;Wang & Oliver, 2009). A similar finding is reported in the developing countries in the studies Mohd (2011) and Khan and Javid (2011).…”

Section: Board Composition and Firm Performancesupporting

confidence: 71%

See 1 more Smart Citation

The Effect of Board of Directors Characteristics, Audit Committee Characteristics and Executive Committee Characteristics on Firm Performance in Oman: An Empirical Study

Al-Matar¹,

Al‐Swidi²,

Fadzil³

2014

ASS

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This study is an attempt to achieve the main objective by examining the association between the board of director's characteristics, audit committee characteristics and the executive committee characteristics and the performance of the Oman companies. This study used many assumptions to test the relationship between independent variables and dependent variable as discussed in the section explaining the study method. The data comprised of 162 non-financial companies because financial and non-financial companies employ different methods and they have different structures. As this study attempts to bridge the gap in the existing literature by investigating the association between corporate governance mechanisms and firm performance in the emerging market of Oman, it focuses on adding new important variables of corporate governance mechanisms like board change, the role of secretary on the board, the legal counsel and the executive committee characteristics that improve firm performance.The findings indicated a significantly positive relationship between board size, board meeting, audit committee independence and executive committee independence, and the Tobin`s Q. On the other hand, board independence and legal counsel are significantly and negatively related to Tobin`s Q. Moreover, a positive but insignificant relationship is found between CEO tenure, CEO compensation, audit committee size, and the firm performance (Tobin`s Q). Furthermore, board change, the role of the secretary on the board, audit committee meeting, executive committee size and executive committee meeting are revealed to have a negative but insignificant association with firm performance (Tobin`s Q). Finally, this study provides recommendations for future research.

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Section: Regression Results Of Model (Based On Marketing Measure)supporting

confidence: 82%

Section: Board Composition and Firm Performancesupporting

confidence: 71%

The Effect of Board of Directors Characteristics, Audit Committee Characteristics and Executive Committee Characteristics on Firm Performance in Oman: An Empirical Study

Al-Matar¹,

Al‐Swidi²,

Fadzil³

2014

ASS

View full text Add to dashboard Cite

show abstract

“…In the same vein, in Indonesia, the ownership structure and commissioners have no effect on online financial disclosure; the characteristics of the audit committee are the only factor that increases online financial disclosure (Puspitaningrum & Atmini, 2012). Finally, a reduction in the number of directors is related to poor performance in the United States (Valenti et al, 2011).…”

Section: Discussionmentioning

confidence: 99%

“…They find that only the third factor affects the outcome, particularly the number of times that the audit committee meets. Finally, Valenti et al (2011) discover that a decrease in the total number of directors and the number of external directors is ijbm.ccsenet.org…”

Section: Ownership Structurementioning

confidence: 99%

Corporate Governance: International Context and Trends from 2005 to 2015

Jaimes-Valdez¹,

Hernández²,

Ochoa-Jimenez³

2017

IJBM

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Corporate governance is a topic that in recent years has been related to fraud and economic crises, which could be reasons for pessimism; however, this study views it as an opportunity to improve the organizational environment. Therefore, this exploratory study is conducted with the purpose of identifying the context in which corporate governance occurs and potential international trends. The review of the literature indicates that corporate governance codes based on the model of insider information are gradually being replaced by American and British models, which are characterized by democracy, transparency, and accountability. Similarly, there is emphasis on the importance of bringing organizations and interest groups closer together and building consensus to develop activities that are in the common interest and that provide benefits to all. Finally, further studies are recommended to improve national and international standards concerning corporate governance with the aim of balancing the interests of organizations and their stakeholders.

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“…Alves (2011) reported that empirical results support the predicted nonlinear relationship between board size and earnings management. Prior negative change in firm performance was significantly related to a decrease in the overall number of directors and a decrease in the number of outside directors (Valenti et al, 2011). Kumar and Singh (2013) found a negative relationship of board size to firm value in Indian context.…”

Section: Board Sizementioning

confidence: 99%

Study on theories and mechanisms of corporate governance

Mishra

Kapil

2017

IJAAPE

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This paper aims to review the theories of corporate governance for understanding the theoretical basis of corporate governance mechanisms. Major theoretical studies on corporate governance, including studies done in emerging economies, are included in the review. The paper looks at corporate governance theories from value creation point of view. It is observed that the two perspectives of corporate governance, i.e., shareholder and stakeholder perspectives, are not in contrast to each other but are pointing towards the same goal, i.e., value creation. However, one points towards value creation for shareholders and the other points towards creation of societal value. While reviewing theoretical underpinnings and assumptions for corporate governance perspectives, due consideration has been given to the development of corporate governance mechanism based on various existing theories. A theoretical framework for understanding the relationship between corporate governance mechanism and corporate performance has been proposed. Emerging challenges for corporate governance theories have also been indicated. This being a review paper, one of the major limitations is an unintentional omission of some literature because of non-availability or non-reachability. Literature that would have been present in languages other than English could also not been included in the review.

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The effects of firm performance on corporate governance

Cited by 54 publications

References 73 publications

The Effect of Board of Directors Characteristics, Audit Committee Characteristics and Executive Committee Characteristics on Firm Performance in Oman: An Empirical Study

The Effect of Board of Directors Characteristics, Audit Committee Characteristics and Executive Committee Characteristics on Firm Performance in Oman: An Empirical Study

Corporate Governance: International Context and Trends from 2005 to 2015

Study on theories and mechanisms of corporate governance

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