Evaluation of Corporate Governance Influence on Stock Performance of CEE Companies

被引：0

作者：

Bistrova, Julia ^{[1
]}

Lace, Natalja ^{[1
]}

机构：

[1] Riga Tech Univ, Engn Econ & Management Fac, Meza 1-7, LV-1007 Riga, Latvia

来源：

WMSCI 2011: 15TH WORLD MULTI-CONFERENCE ON SYSTEMICS, CYBERNETICS AND INFORMATICS, VOL I | 2011年

关键词：

corporate governance; information disclosure; board of directors; stock returns; management team;

D O I：

暂无

中图分类号：

TP3 [计算技术、计算机技术];

学科分类号：

0812 ;

摘要：

Corporate governance (CG) becomes a very essential factor to consider prior to investing in the company. A number of studies proved its importance on the developed equity markets. However, intuitively corporate governance should gain more importance due to high degree of uncertainty because of the unstable environment. In order to assess the influence of corporate governance quality on Central and Eastern European companies' stock performance, the CG assessment model, which includes 21 evaluation criteria, was developed. Based on the model rating, the companies with the highest CG quality (top 25%) outperformed companies with the worst CG quality (bottom 25%) by 0.98% on a monthly basis during the period of 2008-2010. Study demonstrate that companies with good CG quality are able to offer lower risk.

引用

页码：59 / 64

页数：6

共 50 条

[21] Corporate Governance Mechanisms and the Financial Performance of Nigerian Companies
Foyeke, Obigbemi Imoleayo
Oluku, Mukoro Dick
Adetula, Dorcas Titilayo
Owolabi, Folashade
CREATING GLOBAL COMPETITIVE ECONOMIES: 2020 VISION PLANNING & IMPLEMENTATION, VOLS 1-3, 2013, : 2024 - 2034
[22] Corporate governance structure and performance of Malaysian listed companies
Haniffa, Roszaini
Hudaib, Mohammad
JOURNAL OF BUSINESS FINANCE & ACCOUNTING, 2006, 33 (7-8) : 1034 - 1062
[23] Corporate Governance and Performance of Insurance Companies in the Saudi Market
Osman, Mohamed Abdel Mawla
Samontaray, Durga Prasad
JOURNAL OF ASIAN FINANCE ECONOMICS AND BUSINESS, 2022, 9 (04): : 213 - 228
[24] INFLUENCE OF CORPORATE GOVERNANCE RATINGS ON ASSESSMENT OF NON-FINANCIAL THREATS TO ECONOMIC SECURITY OF JOINT STOCK COMPANIES
Mihus, I
Akimova, L.
Akimov, O.
Laptev, S.
Zakharov, O.
Gaman, N.
FINANCIAL AND CREDIT ACTIVITY-PROBLEMS OF THEORY AND PRACTICE, 2021, 6 (41): : 223 - 237
[25] A Qualitative Assessment of the Investor Relations and Corporate Governance for Bucharest Stock Exchange Companies
Stanila, Cosmina Adela
VISION 2025: EDUCATION EXCELLENCE AND MANAGEMENT OF INNOVATIONS THROUGH SUSTAINABLE ECONOMIC COMPETITIVE ADVANTAGE, 2019, : 5091 - 5100
[26] The impact of corporate governance on the level of total debt of companies on the Bratislava Stock Exchange
Musa, Hussam
Debnarova, Lenka
Musova, Zdenka
FINANCIAL MANAGEMENT OF FIRMS AND FINANCIAL INSTITUTIONS: 10TH INTERNATIONAL SCIENTIFIC CONFERENCE, PTS I-IV, 2015, : 840 - 848
[27] Corporate Governance Disclosures: The Case of Latvian Companies Listed on Baltic Stock Exchange
Kozlovska, Ieva
RELIABILITY AND STATISTICS IN TRANSPORTATION AND COMMUNICATION, 2018, 36 : 574 - 584
[28] The Role of Investor Relations and Good Corporate Governance on Firm Performance in the Case of the Companies Listed on the Bucharest Stock Exchange
Mihail, Bogdan Aurelian
Dumitrescu, Dalina
Serban, Daniela
Micu, Carmen Daniela
Lobda, Adriana
JOURNAL OF RISK AND FINANCIAL MANAGEMENT, 2021, 14 (12)
[29] Corporate Governance and Corporate Performance of Malaysian Companies: Examining from an Islamic Perspective
Ramli, Juliana Anis
Ramli, Mohd Ismail
7TH INTERNATIONAL ECONOMICS & BUSINESS MANAGEMENT CONFERENCE (IEBMC 2015), 2016, 35 : 146 - 155
[30] Compliance with Corporate Governance Principles by Energy Companies Compared with All Companies Listed on the Warsaw Stock Exchange
Szczepankiewicz, Elzbieta Izabela
Blazynska, Joanna
Zaleska, Beata
Ullah, Farid
Loopesko, Windham Eugene
ENERGIES, 2022, 15 (17)

← 1 2 3 4 5 →