Corporate governance, financial management decisions and firm performance: Evidence from the maritime industry

被引：53
|
作者：
Andreou, Panayiotis C. [1 ]
Louca, Christodoulos [1 ]
Panayides, Photis M. [1 ]
机构：
[1] Cyprus Univ Technol, Dept Commerce Finance & Shipping, Fac Management & Econ, CY-3603 Limassol, Cyprus
来源：
TRANSPORTATION RESEARCH PART E-LOGISTICS AND TRANSPORTATION REVIEW | 2014年 / 63卷
关键词：
Maritime firms; Corporate governance; Earnings management; Sub-optimal investment; Firm performance; EARNINGS MANAGEMENT; INSTITUTIONAL INVESTORS; OWNERSHIP STRUCTURE; BOARD COMPOSITION; AUDIT COMMITTEES; MARKET VALUATION; CEO DUALITY; INVESTMENT; DIRECTORS; SIZE;
D O I：
10.1016/j.tre.2014.01.005
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This study investigates the relation between corporate governance with (i) financial management decisions such as earnings management and sub-optimal investment, and (ii) firm performance in maritime firms. The study reveals that important corporate governance measures, such as insider ownership, board size, presence of corporate governance committees, the percentage of directors serving on the boards of other firms and CEO duality, are associated with financial management decisions and firm performance. The associations revealed can potentially assist in mitigating agency problems and improving financial management decisions and performance in maritime firms. (C) 2014 Elsevier Ltd. All rights reserved.
引用
收藏
页码：59 / 78
页数：20
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