corporate governance issues and the financing decision

arcay and vázquez - 2005 - corporate characteristics, governance rules and the extent of voluntary disclosure in spain

Ngày tải lên : 06/01/2015, 19:46

... otherwise Binary variable: if the chairman and the CEO are not the same person, otherwise Binary variable: if p number of the members on the board p 15, otherwise ´ ˜ M ROSARIO BABI´O ARCAY AND ... size of the board and the combination of the functions of chairman and CEO were not included These results conform to those obtained from the univariate analysis and, hence, Hypotheses 1c and 1f ... variability and was therefore eliminated from the model Therefore, Hypothesis must be rejected Square multiple correlation coefﬁcients (Table 9) show that, taken together, the size of the entity and the...

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cohen et al - 2004 - the corporate governance mosaic and financial reporting quality

Ngày tải lên : 06/01/2015, 19:49

... between the various actors and mechanisms within the corporate governance mosaic For example, the interactions among the audit committee, the external auditor, the internal auditor, the board, and the ... board and AC characteristics and their impact on governance Most of the studies primarily focus on the AC and only a few consider the interrelationship between the AC and the board (e.g., Menon and ... between the independence and expertise of the audit committee and the effectiveness of the internal audit function Recent governance reforms (i.e., The Sarbanes-Oxley Act and the resulting SEC and...

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Tài liệu Corporate Ownership structure and the Informativeness of Accounting Earnings in East Asia doc

Ngày tải lên : 18/02/2014, 01:20

... earn income, i.e., the cash flow right And third, the owner has the right to transfer the share and the associated control and cash flow rights to another party The value of the share depends ... describe the sample, data sources, and the ownership structures of the sample firms We then test the hypothesis developed in the previous section by - 14 - analyzing the relations between the corporate ... academics, researchers and policy makers from around the world gathered to examine the timely issue of how the financial systems and corporate governance in East Asia and Japan should be redesigned...

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The Corporate Governance Lessons from the Financial Crisis docx

Ngày tải lên : 15/03/2014, 19:20

... parliamentary enquiries and international and other regulatory reports about corporate governance issues at the company level which were closely related to how they handled the situation It first ... management and incentive structures, and then considers the responsibility of the board and why its oversight appears to have failed in a number of cases Other aspects of the corporate governance ... While the post-2000 environment demanded the most out of corporate governance arrangements, evidence points to severe weaknesses The corporate governance dimension The post-2000 market and macroeconomic...

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incomplete contracts and corporate governance theory and evidence---case studies on chinese banking and u.s. franchising

Ngày tải lên : 03/06/2014, 02:02

... (1985), and Tirole (2006) The essence of the agency problem is the separation of finance and management, or—in more standard terminology—of ownership and control The former stemmed from financing the ... shown in Chart 2.8, the exposures to external uncertainty measured with either the amount or the ratio of NPLs are larger in the ICBC and the ABC; but smaller in the BOC and the CCB This observation ... Whether or not, control rights always stand in the core of all issues The firm therefore needs a governance structure that will solve the parties’ agency problem through selecting a design of decision...

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Strategic Financial Management; Part I Introduction and The Investment Decision

Ngày tải lên : 05/11/2014, 15:59

... 1.4 Decision Structures and Corporate Governance 15 1.5 he Developing Finance Function 16 1.6 he Principles of Investment 20 1.7 Perfect Markets and the Separation heorem 22 1.8 Summary and Conclusions ... 37 2.4 he Inadequacies of IRR and the Case for NPV 38 2.5 Summary and Conclusions 40 Capital Budgeting and the Case for NPV 41 3.1 Ranking and Acceptance Under IRR and NPV 42 3.2 he Incremental ... Divisibility and NPV 44 3.4 Relevant Cash Flows and Working Capital 46 3.5 Capital Budgeting and Taxation 47 3.6 NPV and Purchasing Power Risk 49 3.7 Summary and Conclusions 51 360° thinking Discover the...

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cheung et al - 2007 - do investors really value corporate governance - evidence from the hong kong market [hcgi]

Ngày tải lên : 02/01/2015, 17:33

... the CEO is also the Chairman of the board and otherwise; DUMMYA equals if the firm has a board audit committee and otherwise; DUMMYC equals if the firm has a board compensation committee and otherwise; ... equals if the firm has ADRs trading in the US and otherwise; DummyMSCI equals if the firm is included in an MSCI index and otherwise; and DummyHR equals if the firm is a red chip or H-share and otherwise ... significant and explains variations in firm valuation and performance The robustness of the CGI measurement is further tested by randomly removing survey questions and then rescoring and re-ranking the...

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love and rachinsky - 2007 - corporate governance, ownership and bank performance in emerging markets - evidence from russia and ukraine [rcgi]

Ngày tải lên : 02/01/2015, 17:33

... crucial role It is, therefore, important to understand the key ingredients for maximizing the performance of banks and their role in the growing economies While the corporate governance is deemed ... important element in corporate governance research is the legal enforcement of the laws on the books and provisions of the companies’ corporate charters and by-laws Even though the rule of law has ... low, it is still rather weak in both Russia and the Ukraine With the importance of corporate governance issues given in the media and public discussions, many enterprises and banks go beyond...

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cheung et al - 2007 - do investors really value corporate governance - evidence from the hong kong market [hcgi]

Ngày tải lên : 06/01/2015, 19:46

... the CEO is also the Chairman of the board and otherwise; DUMMYA equals if the firm has a board audit committee and otherwise; DUMMYC equals if the firm has a board compensation committee and otherwise; ... equals if the firm has ADRs trading in the US and otherwise; DummyMSCI equals if the firm is included in an MSCI index and otherwise; and DummyHR equals if the firm is a red chip or H-share and otherwise ... significant and explains variations in firm valuation and performance The robustness of the CGI measurement is further tested by randomly removing survey questions and then rescoring and re-ranking the...

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love and rachinsky - 2007 - corporate governance, ownership and bank performance in emerging markets - evidence from russia and ukraine [rcgi]

Ngày tải lên : 06/01/2015, 19:47

... crucial role It is, therefore, important to understand the key ingredients for maximizing the performance of banks and their role in the growing economies While the corporate governance is deemed ... important element in corporate governance research is the legal enforcement of the laws on the books and provisions of the companies’ corporate charters and by-laws Even though the rule of law has ... low, it is still rather weak in both Russia and the Ukraine With the importance of corporate governance issues given in the media and public discussions, many enterprises and banks go beyond...

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[cg-asx] asx corporate governance council - 2007 - corporate governance principles and recommendations

Ngày tải lên : 06/01/2015, 19:47

... underlining theme will remain Eric Mayne Chair, ASX Corporate Governance Council August 2007 Corporate governance in Australia What is corporate governance? The fundamentals Corporate governance is the ... to the Principles and Recommendations in their corporate reporting for the 2007– 2008 year The ASX Corporate Governance Council acknowledges that there are historical and legal reasons for the ... between the Principles and Recommendations and the Corporations Act and the Accounting Standards The ASX Corporate Governance Council has therefore amended Principles and to make it clear that...

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[cg-fiq] fathi - 2013 - corporate governance system and quality of financial information in french

Ngày tải lên : 06/01/2015, 19:47

... governance Then, potential shareholders and the market in general, reflect the efficiency of the whole mechanism and not a single attribute at the time of their assessment of the quality of governance ... system and can influence positively the quality and the level of the information disclosed According to the agency theory good governance allows the reduction of conflicts and agency costs, the ... interests and therefore the limitation, otherwise the absence of earnings management It considers that the separation of management and control decisions reduces agency costs According to the theory...

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black, love, and rachinsky - 2005 - corporate governance indices and firms' market values - time series evidence from russia [rcgi]

Ngày tải lên : 06/01/2015, 19:48

... understand the importance of governance in valuing Russian firms They have demanded governance information, and a variety of sources have responded There are currently six available corporate governance ... different products); and two nonprofit Russian organizations Table summarizes the available corporate governance indices, the periods they cover, the subindices they use, and the weights given to ... differences in the predictive power of different indices, and in the components of these indices How one measures governance matters Key words: Russia, corporate governance, corporate governance...

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ben - 2014 - corporate governance index and firm performance - 2014 - [cgi-g-index]

Ngày tải lên : 06/01/2015, 19:48

... were the foremost to discuss the conflict of interest between the owners of the firm and the managers in the case of large public corporations Whilst the owners seek adequate return on their ... India, the market regulator, Securities and Exchange Board of India (SEBI) has developed the clause 49 under the purview of the listing agreement for the purpose of developing sound corporate governance ... Bhagat, S & Bolton, B (2008) Corporate governance and firm performance”,Journal of Corporate Finance, 14, 257-273 Black, B.S (2001) The corporate governance behavior and market value of Russian...

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levitt - evidence on the relation between corporatare governance characteristics and the quality of financial reporting

Ngày tải lên : 06/01/2015, 19:49

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pari chalaki - 2012 - corporate governance attributes and financial reporting quality - empirical evidence from iran

Ngày tải lên : 06/01/2015, 19:49

... Corporate governance and accompanying Ross et al (2005) the balance sheet model of the firm Adapted from PowerPoint slides The left-hand side of the diagram comprises the basics of internal governance ... likely to improve their governance Second, the level of political risk where the firm resides is negatively and significantly related to the level of firm governance but positively and significantly ... concentration, board independence and board size are considered as corporate governance attributes The results of the study show that there is no relationship between corporate governance attributes including...

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botti et al - 2014 - corporate governance efficiency and internet financial reporting quality

Ngày tải lên : 06/01/2015, 19:49

... presents the data and variable construction Section presents the results of the empirical analyses Section discusses the results and concludes the paper Literature review 2.1 The board of directors and ... diligence of the governing bodies (board of directors, audit and compensation committees) by the independence of their members, as well as the number and attendance rate at their meetings during the ﬁscal ... diligent and effective compensation committees In light of these arguments, we discuss the effect of the characteristics of the compensation committee on the IFR levels The DEA methodology The DEA...

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brennan and solomon - 2008 - corporate governance, accountability and mechanisms of accountability - an overview

Ngày tải lên : 06/01/2015, 19:49

... of the extant literature in corporate governance within the accounting and finance field An in-depth knowledge and consideration of the corporate governance literature formed the basis for the ... examined the relation between fraud and corporate governance mechanisms, while Agrawal and Chadha (2005) considered the influence of corporate governance on the probability of firms having to restate their ... in the UK, The Cadbury Report (1992), The Combined Code (1998), The Combined Code on Corporate Governance (2003, 2006), the Greenbury Report (1995) and the Higgs Report (2003) all approached corporate...

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Universal Banking and the Financing of Industrial Development

Ngày tải lên : 22/04/2016, 07:54

... Polished .The papers carry the names of the authors and sbould be used and citeciaccordingly Thefindings, interpretations, and conclusionsare the authors' ouvnand sbould not be attributed to the World ... banking of the German type, the same intermediary can hold the debt of the firm in the early stage of the life cycle, later underwrite shares of the firm, and then control voting proxies for the purchasers ... disentangle the part of the interest rate that is attributable to the information and transaction costs of making and enforcing the loan agreement from the part attributable to the riskiness of the loan...

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The Due Diligence Handbook: Corporate Governance, Risk Management and Business Planning pptx

Ngày tải lên : 16/03/2014, 17:20

... discussion in the handbook that relates to corporate governance and the broader understanding of due diligence as an ongoing internal tool It can take account of the background to the target and candidate ... corporate governance: the Indian perspective Chapter Overview History of governance in India Corporate governance in India The legal and regulatory framework regarding corporate governance in India Corporate ... involved understand the complexity of the issues involved and to demonstrate the detailed work that is necessary both to ensure that the benefits of an acquisition can be realised and that there are...

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