| Título: | Corporate governance practices and comprehensive income |
| Autores: | López Quesada, Erika ; Camacho Miñano, María del Mar ; Idowu, Samuel O. |
| Tipo de documento: | texto impreso |
| Editorial: | Emerald, 2018 |
| Dimensiones: | application/pdf |
| Nota general: | info:eu-repo/semantics/openAccess |
| Idiomas: | |
| Palabras clave: | Estado = Publicado , Materia = Ciencias Sociales: Economía: Administración de empresas , Materia = Ciencias Sociales: Economía: Empresas , Materia = Ciencias Sociales: Economía: Finanzas , Tipo = Artículo |
| Resumen: |
Purpose – The purpose of this paper is to analyze the effect of corporate governance practices on firms’ financial performance, as measured by comprehensive income (CI). Design/methodology/approach – Using a sample of 237 firms from the Standards & Poor (S&P) 500 index during the years 2004-2009, multivariate statistical analyses are conducted to confirm the authors’ main hypothesis. Findings – The results indicate that having high levels of corporate governance culture has a positive impact on a measure of firms’ financial performance, namely, CI. Furthermore, they indicate a positive correlation between a higher percentage of external directors and financial performance, and a negative relationship between number of board meetings and financial performance. Originality/value – The main contribution of this research is that good corporate governance strategies deliver superior financial performance for businesses in terms of CI. This serves as a method of value creation, which is the ultimate goal of a business. In addition to the use of CI as an indicator of financial performance, a unique measure of corporate governance level is tested. |
| En línea: | https://eprints.ucm.es/id/eprint/60248/7/214636-Samuel-O-Idowu.pdf |
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