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Corporate tax aggressiveness, outside directors, and debt policy: An empirical analysis

Richardson, Grant; Lanis, Roman; Leung, Sidney Chi-Moon - In: Journal of Corporate Finance 25 (2014) C, pp. 107-121

This study examines the influence of corporate tax aggressiveness on corporate debt policy (the debt-substitution effect) and the influence of outside directors on both debt and the debt-substitution effect. Based on a sample of 6967 firm-year observations over the 2001–2010 period, we find...

Persistent link: https://www.econbiz.de/10010753533

The effect of board structure on firm value: a multiple identification strategies approach using Korean data

Black, Bernard; Kim, Woochan - Volkswirtschaftliche Fakultät, … - 2011

Outside directors and audit committees are widely considered to be central elements of good corporate governance. We use a 1999 Korean law as an exogenous shock to assess how board structure affects firm market value. The law mandates 50% outside directors and an audit committee for large public...

Persistent link: https://www.econbiz.de/10011110403

The Association Between Internal Governance Mechanisms And Corporate Value: Evidence From Bahrain

Mousa, Gehan A.; Desoky, Abdelmohsen M.; Sanusi, … - In: Asian Academy of Management Journal of Accounting and … 8 (2012) Supp. 1, pp. 67-91

This research investigates the effect of internal corporate governance mechanisms (e.g. board characteristics and ownership structure) on corporate value. The paper extends the previous literature in this area and provides evidence to this effect using a sample of listed companies on the Bahrain...

Persistent link: https://www.econbiz.de/10011158429

Competition, outside directors and executive turnover: Implications for corporate governance in the EU

Buchwald, Achim - Düsseldorf Institute for Competition Economics (DICE), … - 2015

underperforming managers. In fiercely competitive markets, the higher threat of bankruptcy or hostile takeover seems to effectively …

Persistent link: https://www.econbiz.de/10011168712

Outside directors on the board, competition and innovation

Buchwald, Achim; Thorwarth, Susanne - Düsseldorf Institute for Competition Economics (DICE), … - 2015

We investigate the influence of non-executive outside directors on firms' innovative performance for a sample of 1,393 listed firms in the EU - 15 member states plus Norway and Switzerland in the period 2005 to 2010. Our results show that the fraction of non-executive outside directors on the...

Persistent link: https://www.econbiz.de/10011168714

Board of Directors and Cost Efficiency: Do Stock and Cooperative Organizations Differ?

Harimaya, Kozo; Tomimura, Kei; Yamori, Nobuyoshi - Research Institute for Economics and Business … - 2015

To discipline managers, various governance measures are being developed. They include stock options, shareholder … different between stock companies and cooperative companies. The subject of how to discipline managers of cooperative companies … financial institution does matter in terms of what governance measures are effective and needed. For example, as managers at …

Persistent link: https://www.econbiz.de/10011182958

Stock option fraud prevention in Islamic country: does corporate governance matter?

Ismail, Tariq H.; Abdelmoniem, Zakia - In: Journal of Financial Reporting and Accounting 11 (2013), pp. 4-28

Purpose – This paper aims to investigate the extent to which companies in one of the Islamic culture countries, Egypt, are complying with the Islamic implementation of the Anglo-Saxon model of corporate governance and testing the impact, if any, of such compliance on mitigating of stock option...

Persistent link: https://www.econbiz.de/10010814947

Auditor independence, corporate governance and aggressive financial reporting: an empirical analysis

Abdel-Meguid, Ahmed; Ahmed, Anwer; Duellman, Scott - In: Journal of Management and Governance 17 (2013) 2, pp. 283-307

This paper seeks to provide empirical evidence on the efficacy of three important governance mechanisms (auditors, directors, and institutional shareholders) in constraining aggressive financial reporting, proxied by abnormal accruals. It also examines the effects of the Sarbanes–Oxley Act...

Persistent link: https://www.econbiz.de/10010867171

The effect of outside directors’ and auditors’ incentives on managers’ ability to manage cash bonuses

Pott, Christiane; Tebben, Tobias; Watrin, Christoph - In: Journal of Management and Governance 18 (2014) 2, pp. 505-540

discretionary accounting and managers’ cash bonuses in a two-tier system. For a sample of German stock corporations from 2005 to … high non-audit fees have the incentive to tolerate managers’ bonus-increasing accounting choices. More specifically, we … show that positive discretionary accruals are more strongly associated with managers’ cash bonuses than negative …

Persistent link: https://www.econbiz.de/10010867277

Outside directors on the board and innovative firm performance

Balsmeier, Benjamin; Buchwald, Achim; Stiebale, Joel - In: Research Policy 43 (2014) 10, pp. 1800-1815

We investigate how outside directors on supervisory boards influence innovative activities of the firms they advise and monitor. Based on panel data on the largest German companies, the econometric analysis shows a positive influence of external executives on innovative firm performance,...

Persistent link: https://www.econbiz.de/10010939619