Corporate governance and declining firms performance
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 particula...
| Main Authors: | , , |
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| Format: | Journal Article |
| Published: |
Edith Cowan University
2002
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| Subjects: | |
| Online Access: | http://www.business.ecu.edu.au/faculty/rnhd/ijbs/vol10no1/contents.htm http://hdl.handle.net/20.500.11937/34848 |
| _version_ | 1848754334776426496 |
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| author | Evans, John Evans, Robert Loh, S. |
| author_facet | Evans, John Evans, Robert Loh, S. |
| author_sort | Evans, John |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | 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. |
| first_indexed | 2025-11-14T08:38:46Z |
| format | Journal Article |
| id | curtin-20.500.11937-34848 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T08:38:46Z |
| publishDate | 2002 |
| publisher | Edith Cowan University |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-348482017-01-30T13:46:09Z Corporate governance and declining firms performance Evans, John Evans, Robert Loh, S. - STOCK ownership AUSTRALIA business enterprises corporate governance 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. 2002 Journal Article http://hdl.handle.net/20.500.11937/34848 http://www.business.ecu.edu.au/faculty/rnhd/ijbs/vol10no1/contents.htm Edith Cowan University restricted |
| spellingShingle | - STOCK ownership AUSTRALIA business enterprises corporate governance Evans, John Evans, Robert Loh, S. Corporate governance and declining firms performance |
| title | Corporate governance and declining firms performance |
| title_full | Corporate governance and declining firms performance |
| title_fullStr | Corporate governance and declining firms performance |
| title_full_unstemmed | Corporate governance and declining firms performance |
| title_short | Corporate governance and declining firms performance |
| title_sort | corporate governance and declining firms performance |
| topic | - STOCK ownership AUSTRALIA business enterprises corporate governance |
| url | http://www.business.ecu.edu.au/faculty/rnhd/ijbs/vol10no1/contents.htm http://hdl.handle.net/20.500.11937/34848 |