Journal article
Investment opportunity set, corporate governance practices and firm performance
Journal of Corporate Finance, Vol.10(4), pp.595-614
2004
Abstract
Prior research on the relationship between corporate controls and firm performance is premised on the notion that, in theory, there is direct association between corporate governance and firm performance. However, extensive research has produced mixed and often weak results. In this paper, we posit, as a primary relationship, a negative association between growth and firm performance and then examine whether corporate governance variables moderate this negative relationship. Our results support this notion and show that the role of corporate governance variables in firm performance should be evaluated in the context of the firm's external environment measured in this study in terms of growth opportunities.
Details
- Title
- Investment opportunity set, corporate governance practices and firm performance
- Authors
- Marion Hutchinson (Corresponding Author) - Deakin UniversityFerdinand A Gul (Author) - City University of Hong Kong
- Publication details
- Journal of Corporate Finance, Vol.10(4), pp.595-614
- Publisher
- Elsevier BV
- DOI
- 10.1016/S0929-1199(03)00022-1
- ISSN
- 1872-6313
- Organisation Unit
- University of the Sunshine Coast, Queensland; School of Business and Creative Industries
- Language
- English
- Record Identifier
- 99679188902621
- Output Type
- Journal article
Metrics
14 Record Views
InCites Highlights
These are selected metrics from InCites Benchmarking & Analytics tool, related to this output
- Collaboration types
- Domestic collaboration
- International collaboration
- Web Of Science research areas
- Business, Finance
UN Sustainable Development Goals (SDGs)
This output has contributed to the advancement of the following goals:
Source: InCites