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The Relationship between Corporate Governance and Financial Performance: An Empirical Study
Does it pay to have good corporate governance within a firm? The focus of this paper is to examine whether good corporate governance yields higher financial performance than poor corporate governance. Using the rankings of the Best and Worst Board of Directors published inBusiness Week, the results...
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| Published in: | The journal of corporate citizenship 2002-12, Vol.8 (8), p.35-48 |
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| Main Authors: | , |
| Format: | Article |
| Language: | English |
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| container_end_page | 48 |
| container_issue | 8 |
| container_start_page | 35 |
| container_title | The journal of corporate citizenship |
| container_volume | 8 |
| creator | Stanwick, Peter A. Stanwick, Sarah D. |
| description | Does it pay to have good corporate governance within a firm? The focus of this paper is to examine whether good corporate governance yields higher financial performance than poor corporate governance. Using the rankings of the Best and Worst Board of Directors published inBusiness Week, the results showed that overall board performance does impact firm performance. The results support both short-term and long-term benefits of a strong board and firm performance. In addition, board independence, board quality and shareholder accountability all had a significant positive impact on firm performance. |
| format | article |
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| fulltext | fulltext |
| identifier | ISSN: 1470-5001 |
| ispartof | The journal of corporate citizenship, 2002-12, Vol.8 (8), p.35-48 |
| issn | 1470-5001 2051-4700 |
| language | eng |
| recordid | cdi_proquest_miscellaneous_38404055 |
| source | International Bibliography of the Social Sciences (IBSS); JSTOR |
| subjects | Analysis Boards of directors Business structures Business studies Case studies Corporate governance Corporate strategies Economic aspects Empirical research Enterprises Ethics Evaluation Fiduciary management Financial management Financial performance Government performance Investors Money management Prices and rates Profit Securities Shareholders |
| title | The Relationship between Corporate Governance and Financial Performance: An Empirical Study |
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