Corporate governance and declining firms performance
MetadataShow full item record
This research investigates the relationship between corporate governance structuresand the decline in firm performance in a sample of Australian firms. Firmsexperiencing extended periods of financial decline are expected to react to this declineby instigating governance related changes. In particular, the relationship betweendeclining firm performance and executive compensation, board composition, boardmeeting frequency and insider share ownership is examined.Contrary to the hypothesised relationship, firms in decline did not generally reactthrough changes to insider ownership levels, numbers of outside directors and CEOpay levels. Firms did, however, respond to poor performance by significantlyincreasing board meeting frequency.
Showing items related by title, author, creator and subject.
Prabowo, Muhammad Agung (2010)The study investigates the effect of the compositions of board of directors on firm performance in Indonesia. This country offers a specific institutional environment, which provides a natural setting to further examine ...
Besa, Bunda (2010)The decline is a major excavation in metalliferous mining since it provides the main means of access to the underground and serves as a haulage route for underground trucks. However, conventional mining of the decline to ...
Achieving requisite variety in modeling firms' strategy heterogeneities: Explaining paradoxical firm-market performancesNagy, G.; Megehee, C.; Woodside, Arch; Laukkanen, T.; Hirvonen, S.; Reijonen, H. (2017)This study responds to the view that the crucial problem in strategic management (research) is firm heterogeneity-why firms adopt different strategies and structures, why heterogeneity persists, and why competitors perform ...