Corporate Governance: Decades of Dialogue and Data

Daily, Catherine M.; Dalton, Dan R.; Cannella, Albert A.

doi:10.5465/amr.2003.10196703

Cited by 1,384 publications

(1,012 citation statements)

References 78 publications

Supporting

Mentioning

917

Contrasting

Unclassified

Order By: Relevance

“…It therefore plays a key role in the overall overseeing of the company and the monitoring of top management in particular (Jensen and Meckling 1976;John and Senbet 1998;Daily et al 2003;Chatterjee et al 2003). Thus, the Board of Directors is an essential element of CG and is considered the main internal mechanism in reducing agency conflicts, either between managers and shareholders or between majority and minority shareholders (LaFond and Roychowdhury 2006;De Andrade et al 2009).…”

Section: Board Of Directorsmentioning

confidence: 99%

Does Corporate Governance Influence Earnings Management in Latin American Markets?

2013

View full text Add to dashboard Cite

Although US and European research has documented improvement in earnings quality associated with corporate governance characteristics, the situation in Latin America is questionable, given the business environment in which firms operate, which is characterized by controlling family ownership and weak legal protection. The purpose of this study is to examine the relation between the internal mechanisms of Corporate Governance and Earnings Management measured by discretionary accrual. We use a sample of listed Latin American non-financial companies from the period 2006-2009. Our results show how in the Latin American context the role of external directors is limited and that Boards which meet more frequently take a more active position in the monitoring of insiders, so showing a lower use of manipulative practices. In addition, we find a non-linear relation between insider ownership and discretionary accruals, also pointing to the fact that ownership concentration may be a manipulative practices constrictor mechanism only when the ownership of main shareholders is moderate. The findings have important policy implications since this is, to the best of our knowledge, the first study to analyze the relation between the effectiveness of the government and the earnings management behavior. As policy implications, we document how when a country implements controls aimed at reducing corruption, strengthening the rule of law or improving the effectiveness of government, this leads to a reduction in firm earnings management.

show abstract

Section: Board Of Directorsmentioning

confidence: 99%

Does Corporate Governance Influence Earnings Management in Latin American Markets?

2013

View full text Add to dashboard Cite

show abstract

“…Democratic (one-person-one-vote) determination of the broad uses to which organizational resources (collective property) will be deployed (i.e., governance; cf. Daily, Dalton, & Cannella, 2003) are made in other co-operatives too (e.g., Tuominen et al, 2009). Here it is important that the co-operators expect their voice to be heard (i.e., they will have a say) and trust those they are interdependent with.…”

Section: Social Exchange Interest and The Expectation Of Socio-emotiomentioning

confidence: 99%

Governance of Co-operative Organizations: A Social Exchange Perspective

Jussila¹,

Goel²,

Tuominen³

2012

BMR

View full text Add to dashboard Cite

This paper introduces social exchange theory as a promising framework for analyzing co-operative organizations and a helpful tool for deepening our understanding of their governance. We suggest that social exchange is one of the foundational elements of co-operation among member-owners as it provides the impetus for initiating organized co-operative activity among those actors, which is then facilitated with formal co-operative arrangements. Further, we suggest that there is a connection between key constructs of social exchange, e.g. members' motivations for exchange, the resources they exchange, and the forms the exchange takes, and the sustainability and success of co-operative exchange relationships. Overall, the ideas set forth in this paper may offer a number of avenues for future research, especially in the area of formation, governance, and management of co-operative organizations.

show abstract

“…Increasingly, boards play an active role in formulating organizational strategy and disseminating information and advice to managers (Carpenter & Westphal, 2001;Daily, Dalton, & Cannella, 2003;Judge & Zeithaml, 1992;Westphal & Zajac, 1997). Because information that enters the firm via this network is screened and filtered by board members (Salman & Saives, 2005) and subject to processes that lead to bounded rationality, it is important to consider how characteristics of these directors could impact the organizational interpretation and response to institutional pressures.…”

Section: Intra-organizational Factors: Board Experiencementioning

confidence: 99%

Exceptional boards: Environmental experience and positive deviance from institutional norms

2012

View full text Add to dashboard Cite

SummaryThis paper explores the phenomenon of positive organizational deviance from institutional norms by establishing practices that protect or enhance the natural environment. Seeking to explain why some organizations practice positive environmental deviance while others do not, we locate our inquiry on the board of directors-the organizational body that interprets external issues and guides organizational response. We find a strong correlation between positive deviance and the past environmental experience of board directors and the centrality of the organization within field-level networks. Organizations located on the periphery of the network or whose boards possess a high level of environmental experience are more likely to deviate in positive ways. Our conclusions contribute to multiple literatures in behavioral and environmental governance, the role of filtering and enaction in the process of institutional conformity and change, and the mechanisms behind proactive environmental protection strategies within business.

show abstract

Corporate Governance: Decades of Dialogue and Data

Cited by 1,384 publications

References 78 publications

Does Corporate Governance Influence Earnings Management in Latin American Markets?

Does Corporate Governance Influence Earnings Management in Latin American Markets?

Governance of Co-operative Organizations: A Social Exchange Perspective

Exceptional boards: Environmental experience and positive deviance from institutional norms

Contact Info

Product

Resources

About