Using a sample of 916 Chinese listed state-owned enterprises (SOEs) from 2001 to 2005, we find the likelihood of top management turnover is negatively associated with firm performance, suggesting the existence of an effective market-based corporate governance mechanism in an emerging economy...

Previous studies on the value relevance of board gender and ethnic diversity produced mixed results. This paper re-examines this relationship using hand-collected data of 245 South African listed firms over the period 2008-2013. We document a positive and significant effect of both board gender...

This paper investigates the decision to appoint politically connected top executives to Chinese listed state-owned enterprises (SOEs) when they face distressful conditions and whether such appointments enhance or reduce firm performance and corporate governance in subsequent years. China is the...