دانلود مقاله ISI انگلیسی شماره 51899
ترجمه فارسی عنوان مقاله

تغییر حاکمیت شرکتی و عملکرد: نقش مکانیسم های سنتی در فرانسه و کره جنوبی

عنوان انگلیسی
Corporate governance change and performance: The roles of traditional mechanisms in France and South Korea ☆
کد مقاله سال انتشار تعداد صفحات مقاله انگلیسی
51899 2015 14 صفحه PDF
منبع

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

Journal : Scandinavian Journal of Management, Volume 31, Issue 1, March 2015, Pages 40–53

ترجمه کلمات کلیدی
تئوری کارگزاری؛ حاکمیت شرکتی؛ خانواده؛ فرانسه؛ کره جنوبی
کلمات کلیدی انگلیسی
Agency theory; Corporate governance; Family; France; South Korea
پیش نمایش مقاله
پیش نمایش مقاله  تغییر حاکمیت شرکتی و عملکرد: نقش مکانیسم های سنتی در فرانسه و کره جنوبی

چکیده انگلیسی

Agency and symbolic management perspectives describe that the consolidation of shareholder-oriented mechanisms improves corporate performance, although they are not fully implemented. Nevertheless, firms in non-US countries still maintain their traditional governance mechanisms, such as the presence of controlling shareholders, government's influence or family's involvement in management. Using large corporations in France and South Korea, we examine the roles of such traditional mechanisms for corporate performance. Our analytic framework, which compares the effects of the above three traditional and shareholder-oriented mechanisms on firm performance, highlights the positive influence of the traditional mechanisms, with the exception of state ownership, on ROA or Tobin's q. The empirical findings imply that the continuation of traditional mechanisms could be partly attributable to their performance contribution. We therefore suggest that corporations should delineate the practical contributions of various mechanisms to performance, being balanced in adopting or constraining a specific mechanism in corporate governance change.