We found a match
Your institution may have rights to this item. Sign in to continue.
- Title
An Integrated Corporate Governance Framework and Financial Performance in South African-Listed Corporations.
- Authors
Ntim, Collins G.
- 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.
- Subjects
CORPORATE governance; FINANCIAL performance; SOUTH Africans; STAKEHOLDERS; ENDOGENEITY (Econometrics); ECONOMIC research
- Publication
South African Journal of Economics, 2013, Vol 81, Issue 3, p373
- ISSN
0038-2280
- Publication type
Article
- DOI
10.1111/j.1813-6982.2011.01316.x