A Comparative Study of Corporate Governance in the UK and the US.

2011 ◽  
Author(s):  
Samuel K. A. Ofori

This study investigates whether corporate governance matters with regards to the dividend policy in Indonesian companies. Previous studies on this subject have mostly been done in developed countries, which have adopted the common law, such as in the US and the UK. This study uses 26 companies operating in the finance industry. Secondary data is used from several sources, such as the annual report and financial statement and related websites. This study uses an independent sample t-test to analyse the data. Corporate governance matters for dividend policy in Indonesian companies. It is evidenced by the fact that there is a significant differ ence in managerial ownership and board size between dividend paid and dividend not paid. Profitability also differs between dividend paid and dividend not paid companies; companies with higher profitability tend to pay dividend. This study provides empirical evidence that corporate governance matters for dividend policy in Indonesian companies. There are two contributions of this study: the result confirms the resource dependence theory and the convergence governance hypothesis.


1998 ◽  
Vol 2 (3) ◽  
pp. 233-246 ◽  
Author(s):  
Stuart Manson ◽  
Sean McCartney ◽  
Michael Sherer ◽  
Wanda A. Wallace
Keyword(s):  
The Us ◽  

2006 ◽  
Vol 14 (3) ◽  
pp. 147-158 ◽  
Author(s):  
Ruth V. Aguilera ◽  
Cynthia A. Williams ◽  
John M. Conley ◽  
Deborah E. Rupp

2016 ◽  
Vol 3 (4) ◽  
pp. 353-384
Author(s):  
Stelios Andreadakis ◽  
Scott Morrison

The contemporary prevalence of complex business structures, and the limited resources and time of regulatory authorities charged with policing business organisations has increased the importance of whistleblowers for modern corporate governance. This article aims to contribute to the ongoing discussion in relation to the effectiveness of the existing regulatory regime, a regime that is intended to encourage whistleblowing in general and to provide sufficient safeguards to whistleblowers from dismissal or retaliation. The countries of the uk and Japan have been selected for this comparative study because they exhibit contrasting business and employment practices and because the relevant authorities have adopted distinct regulatory approaches. The comparative analysis intends to support the claim that, irrespective of the primary and secondary legislation in place in these two jurisdictions and the disparate corporate cultures existing in each, whistleblowers all too frequently end up as victims even when they have complied with the requirements and the procedures stipulated by the law, followed their conscience and reported wrongdoing.


2022 ◽  
Vol 3 (2) ◽  
pp. 53-66
Author(s):  
Khaled Otman

This paper focused on the concept of corporate governance based on shareholders’ and stakeholders’ perspectives and the development of corporate governance around the world, including the UK, the US, and Australia. The OECD Principles of Corporate Governance were presented, including shareholders’ rights, the equitable treatment of shareholders, disclosure and stakeholders’ rights and transparency practices, and the responsibilities of board of directors. Numerous corporate collapses have highlighted the call for the management and directors of companies to be more accountable, and they have led governments and international organisations such as the OECD to be more active in establishing principles of corporate governance. It was concluded that the system of corporate governance has increased in different countries in relation to the nature of the economy, legal systems, and cultural norms


2015 ◽  
Vol 19 (2) ◽  
pp. 40-63 ◽  
Author(s):  
Jean-Michel Sahut ◽  
Hélène Pasquini-Descomps

This study investigates how news-based scores in ESG (Environmental, Social, and corporate Governance) may have influenced the monthly stocks’ market return in Switzerland, the US, and the UK during the 2007–2011 period. We find that the variation of the overall ESG score is only significant in the UK. We also show that the changes in sub-category ratings of GRI (namely, governance, economic, environment, labor, human rights, society, and products) exhibit a small but significant impact on the stock’s performance during limited periods or on limited sectors, which varies among the countries. Finally, our non-parametric kernel regression highlights that the function linking a stock’s performance to its ESG-score changes is probably non-linear.


Author(s):  
Anup Agrawal ◽  
Charles R. Knoeber

This paper reviews the literature on corporate governance and firm performance in economies with relatively dispersed stock ownership and an active market for corporate control, such as the US and the UK. Section 1 outlines a framework of the basic agency problem between managers and shareholders and the corporate governance mechanisms that have evolved to address this problem. Section 2 deals with the relation between firm performance and inside ownership. Section 3 pertains to the relation between firm performance andmonitoring by large shareholders, monitoring by boards, and shareholder rights regarding takeover of the firm. Section 4 considers the relation between governance regulation and firm performance. Section 5 deals with the relation between governance and firm performance in family firms, and section 6 provides a summary and identifies some remaining puzzles and unresolved issues for future research.


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