The board of directors serves two functions in the organization: monitoring and resource provision. Agency theory mainly addresses the former, while resource dependence theory focuses on the latter. However, these theories consistently assume that board members are not only able but also...

This paper investigates the differential impact of positive and negative excessive managerial entrenchment on the CEO turnover-performance sensitivity, CEO compensation, and firm performance. We measure the degree of managerial entrenchment using the E-index introduced by Bebchuk et al. (2009)....

This paper will first introduce the notion of a derivative action and examine the evolution of derivative action in Australia, from the general law to its current statutory form. It will highlight the perceived inadequacies of the former and the attempts of the statutory regime in curing its...

The diversity disclosures by Canadian corporations are examined to show how references to ‘merit’ and ‘diversity’ are used strategically by many corporations to support the gendered status quo and to resist pressures to increase the representation of women on boards. References to...

We study whether private interactions between firms and mutual funds during non-deal roadshows (NDRs) influence governance behavior. Funds headquartered in the city where the firm conducts an NDR are more likely to download proxy statements. They are also more likely to vote with management on...

In this paper, we investigate the impact of government control on investors’ valuation of cash held by listed firms in China. We find strong and robust evidence that government control leads to a lower value of cash. Further evidence suggests that this negative impact is associated with...

The research aims to assess the association between the qualities of an audit committee and corporate performance. Employing secondary data from 53 Dhaka Stock Exchange (DSE)-listed banks and financial institutions (522 firm-year observations; 2008-2018), the findings, using a fixed-effect...

This paper investigates the effect of split-share structure reform on the dynamics between executive compensation and firm performance for Chinese public firms. Using panel data analysis and a dynamic GMM model, it reveals that the split-share structure reform has positive impacts on management...

1. Setting the Scene -- Legitimacy as Condition for a Hybrid’s Success -- 3. Methodological Considerations -- 4. The Journey of the Sitem-Insel and the SCDH -- 5. Legitimacy Building in the Cases of the Sitem-Insel and the SCDH -- 6. Conclusion.

This book discusses and analyses fraud and corruption cases from many industries including construction, finance, pharmaceutical, transport, retail, medical, health, communication, education and military. The book is divided into two sections. The first part presents case studies that cover...