Mechanisms of corporate governance going international: testing its performance effects in the Swedish economy, 2004

Purpose : The purpose of this paper is to investigate how internationalisation of corporate governance mechanisms influences firm performance. Design/methodology/approach : The paper is based on the data collected from annual reports of the year 2004, from all 239 Swedish corporations listed on the...

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Bibliographic Details
Published in:Baltic journal of management 2013-01, Vol.8 (1), p.79-101
Main Authors: Collin, Sven-Olof Yrjö, Smith, Elin, Umans, Timurs, Broberg, Pernilla, Tagesson, Torbjörn
Format: Article
Language:English
Subjects:
Business administration
Corporate governance
Economic performance
Företagsekonomi
Governance strategy
Internationalisation
Internationalization
Methodology
National economy
Quantitative analysis
Sweden
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Summary:Purpose : The purpose of this paper is to investigate how internationalisation of corporate governance mechanisms influences firm performance. Design/methodology/approach : The paper is based on the data collected from annual reports of the year 2004, from all 239 Swedish corporations listed on the Stockholm Stock Exchange, on which a quantitative analysis was performed. Findings : The findings suggest that internationalisation of corporate governance does not have a straightforward influence on firm performance, which can be due to: the fact that mechanisms with governance functions have several functions, of which governance is but one; and the fact that governance mechanisms cannot be analyzed in isolation, since they are included in a coherent corporate governance strategy. Originality/value : The paper is the first to investigate the corporate governance mechanisms' internationalisation issue.
ISSN:1746-5265
1746-5273
1746-5273
DOI:10.1108/17465261311291678