Loading...
Please wait, while we are loading the content...
Similar Documents
Silence is not Golden : Corporate Governance Standards , Transparency , and Performance
| Content Provider | Semantic Scholar |
|---|---|
| Author | Sridhar Arcot Bruno, Valentina |
| Copyright Year | 2011 |
| Abstract | We examine corporate governance and disclosure choices in a regulatory environment suited to address the nature of governance as chosen by individual rms. In this environment, companies choose whether to comply with governance standards or to report and explain their non-compliance. By using a voluntary regulatory arena, we can observe the impact of di¤erent corporate characteristics on corporate governance choices. We nd that rm ownership structure and rm growth opportunities a¤ect the decision to deviate from regulatory standards. The disclosed reasons for deviation are often obscure and uninformative. Only those companies which adhere to the recommended standards or those with the highest level of disclosure have better performance. Our ndings suggest that some companies adopt di¤erent corporate governance practices not because of their di¤erent characteristics but to extract private bene ts. |
| File Format | PDF HTM / HTML |
| DOI | 10.2139/ssrn.1343446 |
| Alternate Webpage(s) | https://www.parisschoolofeconomics.eu/IMG/pdf/sarcot_1105.pdf |
| Alternate Webpage(s) | http://www.parisschoolofeconomics.eu/IMG/pdf/sarcot_1105.pdf |
| Alternate Webpage(s) | https://doi.org/10.2139/ssrn.1343446 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
