... of the market value of assets to the book value of assets: the market value is
calculated as the sum of the book value of assets and the market value of common stock less the book value
of common ... the methods of Fama and MacBeth [1973],
we estimate annual cross sections of (2) with statistical signi -
cance assessed within each year (by cross-sectional standard er-
rors) and acros...
... 36.93, and 21.41 points respectively in the
dividend- to-cash flow ratio.
Our results for the remaining potential dividend determinants are in line with the corporate
finance literature and expectations. ...
literature both in dividend policy and in agency theory. In dividend policy, we show that corporate
governance is a significant determinant of dividen...
... earlier Dal-
ton et al. (1998) meta-analysis, this analysis in-
cluded both accounting and market-based mea-
sures of financial performance.
Another instructive stream of research, also
dominated ... Vishny. 1997).
Two meta-analyses provide some context and
illustrate the general state of corporate gover-
nance research relying on agency theory (Dalton
et al
2003;
Dalt...
... interpreted with caution. Our inferences about
the effect of mandatory partner rotation on audit quality and perceptions of audit
Mandatory Audit Partner Rotation, Audit Quality, and Market Perception ... (Summer 2009) pp. 35991 â CAAA
doi:10.1506/car.26.2.2
Mandatory Audit Partner Rotation, Audit Quality,
and Market Perception: Evidence from...
... 2 (Summer 2009) pp. 393402 â CAAA
doi:10.1506/car.26.2.3
Discussion of Mandatory Audit Partner Rotation,
Audit Quality, and Market Perception:
Evidence from Taiwan *
E. MICHAEL BAMBER,
... arguments that the costs of audit firm rotation (in
Discussion of Mandatory Audit Partner Rotation and Audit Quality” 395
CAR
Vol. 26 No. 2 (Summer 20...
... of the market value of assets to the book value of assets: the market value is
calculated as the sum of the book value of assets and the market value of common stock less the book value
of common ... the methods of Fama and MacBeth [1973],
we estimate annual cross sections of (2) with statistical signi -
cance assessed within each year (by cross-sectional standard er-
rors) and acros...
... 36.93, and 21.41 points respectively in the
dividend- to-cash flow ratio.
Our results for the remaining potential dividend determinants are in line with the corporate
finance literature and expectations. ...
literature both in dividend policy and in agency theory. In dividend policy, we show that corporate
governance is a significant determinant of dividen...
... 7969; E-mail:
ruth-agu@uiuc.edu
Corporate Governance and Social
Responsibility: a comparative analysis
of the UK and the US*
Ruth V. Aguilera* *, Cynthia A. Williams,
John M. Conley and Deborah ... dif-
ferences between the corporate governance
arrangements in the US and the UK by evalu-
ating differing institutional investor composi-
tion and modes of actio...
... overall financial
reporting disclosures index. The weak form of corporate governance in Bangladesh allows the
researchers to (1) overview corporate financial reporting practices by non -financial ... 1994). Recent
empirical works on the association between traditional financial reporting disclosures and
corporate governance Chen and Jaggi (2000) and Eng a...
... theoretical and empirical research on
the main mechanisms of corporate control, discuss the main legal and regulatory institutions
in different countries, and examine the comparative corporate governance ... declining market for corporate control and scattered institutional investor votes.
2/122
2. Historical origins: a brief sketch
The term corporate governance de...
... States
b
The Hong Kong Polytechnic University, Hong Kong
c
Department of Accountancy, City University of Hong Kong, Hong Kong
d
School of Accounting and Finance, The Hong Kong Polytechnic University, Hong ... association between corporate board independence and earnings manage-
ment in Hong Kong firms. Additionally, it examines whether family control influen...
... Analysis.
OECD, Financial Statistic Part 3 : Financial Statements of Non-financial Enterprises.
CORPORATE GOVERNANCE IN ASIA: A COMPARATIVE PERSPECTIVE
Seoul, 3-5 March 1999
Copyright â OECD All rights ... reserved
2
<Chart I-4> International Comparison of Financial Expenses to Sales
1)
Note : 1) Manufacturing sector.
Source : Bank of Korea, Financial Statement Analysis...