An integrated corporate governance framework and financial performance in South African-listed corporations


Ntim, Collins G. (2013) An integrated corporate governance framework and financial performance in South African-listed corporations. South African Journal of Economics, 81, (3), 373-392. (doi:10.1111/j.1813-6982.2011.01316.x).

Download

Full text not available from this repository.

Description/Abstract

This paper investigates the relationship between an integrated corporate governance (CG) index and financial performance using a sample of 169 South African (SA) listed corporations between 2002 and 2007. We find a statistically significant and positive association between a broad set of good CG practices and financial performance. In a series of sensitivity analyses, we find that our results are robust to endogeneity, different financial performance proxies, alternative CG weighting scheme and firm-level fixed-effects. We further distinctively examine the link between complying with SA context specific stakeholder CG provisions and financial performance. In line with political cost and resource dependence theories, our results reveal a statistically significant and positive nexus between compliance with stakeholder CG provisions and financial performance.

Item Type: Article
ISSNs: 0038-2280 (print)
1813-6982 (electronic)
Subjects: H Social Sciences > HF Commerce > HF5601 Accounting
Divisions: Faculty of Business and Law > Southampton Management School > Accounting
ePrint ID: 343115
Date Deposited: 24 Sep 2012 14:23
Last Modified: 27 Mar 2014 20:25
URI: http://eprints.soton.ac.uk/id/eprint/343115

Actions (login required)

View Item View Item