Investment Opportunity Set, Corporate Governance Practices and Firm Performance
Опубликовано на портале: 19-04-2007
Journal of Corporate Finance.
2004.
Vol. 10.
No. 4.
P. 595-614.
Тематический раздел:
Prior research on the relationship between corporate controls and firm performance
is premised
on the notion that, in theory, there is direct association between corporate governance
and firm
performance. However, extensive research has produced mixed and often weak results.
In this paper,
we posit, as a primary relationship, a negative association between growth and firm
performance and
then examine whether corporate governance variables moderate this negative relationship.
Our
results support this notion and show that the role of corporate governance variables
in firm
performance should be evaluated in the context of the firm’s external environment
measured in this
study in terms of growth opportunities.
Ключевые слова
деятельность предприятия инвестиционная деятельность корпоративное управление корпоративный менеджмент финансовая деятельность
См. также:
Российский журнал менеджмента.
2006.
Т. 4.
№ 1.
С. 3-28.
[Статья]
[Книга]
[Интернет-ресурс]
Экономическая наука современной России.
2002.
№ 4.
С. 44-56.
[Статья]
[Конференции и семинары]