Corporate Governance and Firm Valuation

By Lawrence D. Brown, M. Caylor. 2006

1,303 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/7419cceaea62e2a8697dd00ee557c10565b3cabd

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Citations in the corpus

Agency costs, ownership structure and corporate governance compliance: A private contracting perspective (2010, background): “Other suggested channels included greater coverage and reporting by ratings agencies (Klapper and Love, 2004; Linden and Matolcsy, 2004; Brown and Caylor, 2006), improved management structure and 0927-538X/$ – see front matter © 2009 Elsevier B.V.”
Did Good Corporate Governance Improve Bank Performance during the Financial Crisis? (2011, positive): “GOVj,t denotes the Gov-Score of Brown and Caylor (2006, 2009), SIZEj,t is the logarithm of total assets, LOANTAj,t is loans to total assets, LOSSj,t is a dummy variable that equals one for banks that report negative earnings during yeart, and YEARj y is a dummy variable for years.”
Dividend Payouts and Corporate Governance Quality: An Empirical Investigation (2011, neutral): “5 See Brown and Caylor (2006), Gompers, Ishii, and Metrick (2003), Ciceksever, Kale, and Ryan (2006), Cremers, Nair, and Wei (2007), Jiraporn, Kim, Davidson, and Singh (2006), Dittmar and Mahrt-Smith (2007), Harford, Li, and Zhao (2007), Fahlenbrach (2008), and Chung, Elder, and Kim (2010).”
More on the relationship between corporate governance and firm performance in the UK : evidence from the application of generalized method of moments estimation (2016, background): “Similarly, Gompers, Ishii & Metrick (2003), Brown and Caylor (2006), Bozec, Dia & Bozec (2008) and O’Connor (2012) indicate a positive association between governance and firms’ performance.”
The impact of the corporate governance on firm performance: A study on financial institutions in Sri Lanka (2019, background): “Brown and Caylor (2006) provide evidence that only Danoshana and Ravivathani 119 one exchange reform (board guidelines are in each proxy statement) is associated with a higher Tobin’s Q, a market based measure of firm value, suggesting that regulators did not act as if they enacted…”
Is forward-looking financial disclosure really informative? Evidence from UK narrative statements (2015, background): “This Tobin’s Q controls for potential bias arising from industry (Bebchuk, Cohen, & Ferrell, 2009), and rules out the potential for simultaneity (Brown & Caylor, 2006).”
Corporate governance and risk disclosure: evidence from Saudi Arabia (2019, positive): “Regarding the audit committee, we construct an aggregate score to measure its effectiveness, similar to Brown and Caylor (2006) and Jiang et al. (2008), and based on the characteristics recommended by the 2006 Saudi CG code.”
Capital Structure and Corporate Governance Quality: Evidence from the Institutional Shareholder Services (ISS) (2012, positive): “5 A substantial number of studies seek to understand the impact of corporate governance on various corporate outcomes such as firm value (Brown & Caylor, 2006; Cremers & Nair, 2005; Gompers et al., 2003; Park et al., 2008), costs of debt financing (Cremers et al., 2007), corporate diversification…”
Do environmental, social and governance performance affect the financial performance of banks? A cross-country study of emerging market banks (2019, background): “Trying to satisfy any other stakeholder groups would negatively impact firm performance (Brown & Caylor, 2006).”