The Infona portal uses cookies, i.e. strings of text saved by a browser on the user's device. The portal can access those files and use them to remember the user's data, such as their chosen settings (screen view, interface language, etc.), or their login data. By using the Infona portal the user accepts automatic saving and using this information for portal operation purposes. More information on the subject can be found in the Privacy Policy and Terms of Service. By closing this window the user confirms that they have read the information on cookie usage, and they accept the privacy policy and the way cookies are used by the portal. You can change the cookie settings in your browser.
The synchronization of stock price in recent years is the hot topic of corporate finance. In this paper, we use the data of A share listed companies in China in 2010–2015 to study the barrier of separation of two rights (control right and cash flow right) to market information transmission characterized by stock price synchronization. The results show that: firstly, the separation of the two powers...
Science and technology R&D is an inexhaustible driving force for the economic growth, and also an internal source of sustained economic development. Playing an important role in national science and technology R&D system, enterprise R&D activities actively promote the enterprise performance. This paper selects 455 manufacturing firms in Shanghai and Shenzhen Stock Exchanges from 2007 to...
With the development of China's market economy and the gradual disclosure of executive compensation data, the remuneration of the company's senior managers have become theoretical and practical issues of common concern. In this paper, based on the related theories and the data of listed logistics company in 2009, we do a quantitative study using regression analysis method. By analyzing EPS and ROE,...
Most of literature related to corporate governance and corporate investment efficiency has been studied from static perspective. This paper conducted a research exploring the dynamic evolution of corporate governance mechanisms to design an index of corporate lifecycle. The result suggests that the impact that corporate governance mechanisms have on investment efficiency is various at different stages...
In recent years, the impact of venture capital on firm performance has received much more attention from academia. However, because data acquisition is limited, the scholars get little research results of this area, analytical framework and approaches to theory have not been formed. This paper analyzed the relationship between venture capital, corporate governance, firm capability and firm performance...
Attempts to test the impact of different boardroom characteristics relative to Triple-Bottom Line (TBL) performance in Malaysia has been limited. This study will offer such insights using a relatively new dataset from the Asian Sustainability Rating Index 2009. Using correlation tools, the study found no relationship between board characteristics and TBL performance, thus, this suggests that alternative...
The purpose of this study is to examine whether ownership structure, i.e. family firms, influences firms' audit risks, and whether the presence of a high proportion of financial experts on the audit committee of family firms would reduce the perceived inherent risk of auditors. In this study, the sample consists of balance panel data of 2,165 firm-year observations of Malaysian non-financial publicly...
This study has provided empirical evidence where the corporate tax compliance does have a significant relationship with corporate governance mechanisms. The study covered the period of pre MCCG (Malaysian Code on Corporate Governance) revision (2005 to 2006) and post MCCG revision (2007 to 2008). The statistical results reveal that MCCG does influence a constructive impact on the level of corporate...
This article studies the relationship between CEO duality and corporate performance based on different ownership concentration. We divide the sample by cluster analysis into two subgroups, the high ownership concentration level subgroup and low ownership concentration level subgroup. After that, principal component analysis is employed to calculate the performance index based on an evaluation system...
The majority of scholars at home and abroad come to the conclusion that the debt has positive governance effect on company performance, while little research on debt restriction on company activities. This paper study the restrictive terms of bank loans how to influence agency costs and operating activities of listed companies. This paper used the data of our Shanghai and Shenzhen A-share listed companies...
The traditional theory of advantages of bond financing argues that the behavior of corporate bond financing will stimulate the enthusiasm of the operators, constraint operators' inappropriate management behavior and reduce agency costs which can result in effects of corporate governance. This article will focus on the performance of Chinese listed companies to set corporate governance variables to...
This paper designs the disclosure of internal control information quality evaluation system, to analyze the disclosure of internal control information situations in Public-Listed Company, and we examines its influencing factors based on the perspective of corporate governance. The results show that the disclosure level of internal control information not only very low, but also have comparatively...
There is an important relationship between financing structure and corporate governance, and different financing structure determines a different model of corporate governance and efficiency. This paper bases from the perspective of corporate life cycle. First, research on financing structure through the life cycle of corporate; second, research on financing structure and corporate governance relationship;...
14 Chinese listed commercial banks in the end of 2009 and Agricultural Bank of China are regarded as the researching objects, definition the meaning of listed banking companies corporate governance and these scale efficiency. basing on above sampies' 2004–2009 financial data, selected assets, wages and benefits as input indicators, loan, deposit, storage and bid with the industry as output indicators,...
With the data in 2006 of Chinese listed companies, by building a G-index, we analyze the relationship of corporate governance and cost of equity capital, and then further study the transmission mechanism of earnings quality between corporate governance and cost of equity capital. Research consults indicate that earnings quality play a transmission role, specifically, corporate governance can affect...
The paper analyzes the listed companies in Shanghai and Shenzhen Stoke Exchange during the Period of year 2007 to 2008. The paper uses earnings aggressiveness, earnings smoothing as the substitute variable of accounting transparency, and researches the impact of different corporate governance structure on accounting transparency. We find that shareholding proportion of first shareholder has negative...
Voluntary disclosures communicated to investors are subject to considerable discretion of the disclosing companies. While regulated disclosure under the IFRS convergence could be a solution to greater transparencey, the benefits of such disclosure is still inconclusive. Hence, it is important to monitor managers voluntary disclosure decisions to be more align with the interests of the investors. Using...
Voluntary disclosures communicated to investors are subject to considerable discretion of the disclosing companies. While regulated disclosure under the IFRS convergence could be a solution to greater transparencey, the benefits of such disclosure is still inconclusive. Hence, it is important to monitor managers voluntary disclosure decisions to be more align with the interests of the investors. Using...
It has caused a wider concern that what kind of influence dose corporate governance as an enterprise system arrangement have on the performance of small and medium-sized enterprise. This paper takes 106 high-tech small and medium-sized enterprises listed Companies as samples which listed before 2007, through empirical analysis finds that the relationship between ownership concentration and corporate...
In this paper, high-tech enterprise is the research object. It studies the impact of corporate governance structure on R&D investment by establishing multi-regression model. Ownership structure and board structure are selected to represent the internal governance structure. The result indicates that ownership property makes significant contribution to R&D investment, and an appropriate percentage...
Set the date range to filter the displayed results. You can set a starting date, ending date or both. You can enter the dates manually or choose them from the calendar.