Description
Book SynopsisWhile Advances continues to publish papers from any area of Finance, the focus of this issue is on corporate governance, broadly defined as the system of controls that helps corporations and other organizations effectively manage, administer, and direct economic resources. Included in the volume are papers focusing on: the impact of deregulation and corporate structure on productive efficiency; the effectiveness of the fraud triangle and SAS; board monitoring and access to debt financing; institutional investors; and managerial stability and payout policy.
Table of ContentsList of Contributors. The impact of deregulation and corporate structure on productive efficiency: The case of the U.S. electric utility industry, 1990–2004. Implications of cash hoarding for shareholders. Detecting and predicting financial statement fraud: The effectiveness of the fraud triangle and SAS No. 99. Management views on corporate governance and firm performance. Board monitoring and access to debt financing. Institutional investors and director remuneration: do political connections matter?. Legal institutions, democracy and financial sector development. On the role of institutional investors in corporate governance: Evidence from voting of mutual funds in Israel. Does corporate governance matter? Korean banks in the postfinancial crisis era. Managerial stability and payout policy: Does state regulation matter?. Advances in Financial Economics. Corporate governance and firm performance. Copyright page.
