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Corporate Governance and Firm Performance: the effects of regulation and competitiveness
Author(s) -
Udayasankar Krishna,
Das Shobha S.
Publication year - 2007
Publication title -
corporate governance: an international review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.866
H-Index - 85
eISSN - 1467-8683
pISSN - 0964-8410
DOI - 10.1111/j.1467-8683.2007.00558.x
Subject(s) - extant taxon , corporate governance , accounting , business , industrial organization , domain (mathematical analysis) , mathematical proof , finance , mathematics , biology , evolutionary biology , geometry , mathematical analysis
We propose that the extent to which regulation and competitiveness play a role in the country environment has a complex, interactive effect on the relationship between corporate governance and firm performance. Using an analytical method, we develop an algorithm to express these effects, and offer proofs to show that our algorithm meets central conditions that are identified based on extant research findings in this domain. An illustration traces the performance of firms with different corporate governance standards across various environmental conditions.