The relationship between corporate governance and financial performance: an empirical study.

From: The Journal of Corporate Citizenship | Date: December 22, 2002| Author: | Copyright information

Does it pay to have good corporate governance within a firm? The focus of this paper is to examine whether good corporate governance yields higher financial performance than poor corporate governance. Using the rankings of the Best and Worst Board of Directors published in Business Week, the results showed that overall board performance does impact firm performance. The results support both short-term and long-term benefits of a strong board and firm performance. In addition, board independence, board quality and shareholder accountability all had a significant positive impact on ...

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