دانلود مقاله ISI انگلیسی شماره 51980
عنوان فارسی مقاله

حاکمیت شرکتی در شرکت های کوچک داد و ستد عمومی: مطالعه شرکت سرمایه گذاری ارز کانادا

کد مقاله سال انتشار مقاله انگلیسی ترجمه فارسی تعداد کلمات
51980 2012 9 صفحه PDF سفارش دهید محاسبه نشده
خرید مقاله
پس از پرداخت، فوراً می توانید مقاله را دانلود فرمایید.
عنوان انگلیسی
Corporate governance in publicly traded small firms: A study of Canadian venture exchange companies
منبع

Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)

Journal : Business Horizons, Volume 55, Issue 6, November–December 2012, Pages 583–591

کلمات کلیدی
حاکمیت شرکتی؛ کیفیت سود؛ ارز سرمایه گذاری؛ عملکرد شرکت کسب و کار کوچک کانادا
پیش نمایش مقاله
پیش نمایش مقاله حاکمیت شرکتی در شرکت های کوچک داد و ستد عمومی: مطالعه شرکت سرمایه گذاری ارز کانادا

چکیده انگلیسی

Most evidence regarding the determinants and effects of corporate governance practices is based on large firms. Herein, we explore these issues in the context of small publicly traded Canadian companies. We exploit the fact that such firms were not subject to corporate governance guidelines prior to 2005 and thus analyze the determinants of voluntary governance practice choices, as well as the effects of those practices on firm performance. Using a unique data set, we construct a corporate governance index for each firm. We measure performance by two variables: quality of accounting earnings and financial performance. The results indicate that corporate governance does matter for smaller traded Canadian firms. We find that both accounting and financial performance are positively related to corporate governance; however, their underlying mechanisms may differ somewhat. Given this result, it would be natural to expect all firms to choose higher levels of governance. However, our results also suggest small firms face resource constraints that limit their choices. We conclude that good governance is an important driver of small firm performance that cannot be neglected by the owners and managers of these firms.

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