This study investigates the effects of corporate monitoring
mechanisms on firm performance and their substitution and
complementary effects under different conditions of agency
conflict. Following the much-reported collapses of publiclylisted
companies such as Enron, World Com, HIH and One. Tel, corporate
monitoring is an issue that has emerged at the forefront of the
debate on corporate responsibility. The separation of ownership and
control in publicly owned firms has the potential to create
conflict between the interests of managers and shareholders. Such
conflict can be reduced by devising effective monitoring
mechanisms. There has been considerable prior research on corporate
monitoring and firm performance. However, most studies have used
single monitoring mechanisms to determine the effect of monitoring
on firm performance. Attention has not been given to the combined
effect of monitoring mechanisms and the possibility of these
mechanisms having a substitution or complementary effect. This has
implications for endogeneity and multicollinearity issues that are
common concerns in corporate governance research.
General
Imprint: |
Lap Lambert Academic Publishing
|
Country of origin: |
Germany |
Release date: |
June 2010 |
First published: |
June 2010 |
Authors: |
Mohammad Azim
|
Dimensions: |
229 x 152 x 20mm (L x W x T) |
Format: |
Paperback - Trade
|
Pages: |
360 |
ISBN-13: |
978-3-8383-7119-1 |
Categories: |
Books >
Business & Economics >
Business & management >
General
|
LSN: |
3-8383-7119-4 |
Barcode: |
9783838371191 |
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