Ownership concentration and corporate performance from a dynamic perspective: Does national governance quality matter?

Financial Fragility of Banks In Vietnam: The Role of Revenue Diversification and National Governance Quality

“…This is similar for REGULATORY, LAWRULE, POLITICS, and CORRUPTION. These indicators which are used popularly in many previous studies evaluate national governance quality [12,18,60]. Due to the high correlation between some components and each other, this study includes individually the indicators in the models.…”

“…However, these papers add the national governance quality as control variables [5]. Others papers include aggregated national governance index, which is a sum of the value of individual indicators [18]. In this paper, the authors mostly employ all indicators of national governance quality and add individually in this paper"s model to avoid their collinearity.…”

Executive Compensation, Firm Performance and Corporate Governance in an Emerging Economy

“…This strategy control for potential endogeneity problem in addition to unobserved heterogeneity. Before proceeding, we first test the endogeneity of the regressors using Durbin-Wu-Hausman (DWH) test for endogeneity of all the regressors (Chi-sq (11) = 38.47; p=0.0001) following Schultz et al (2010) and Nguyen et al (2015).…”

“…System-GMM reduces the effect of high persistence of corporate governance variables thereby improving the power of estimations (Blundell & Bond, 1998;Nguyen, et al, 2015). In addition, system-GMM appears to be the best-performing estimator for the data which is characterized by moderate length of time, low within firm variations in corporate governance variables, possibility of fixed effects driven dependent variable, some variables are endogenous and a dynamic relationship exists between variables (Filatotchev et al, 2013;Nguyen, et al, 2015;Zhou et al, 2014).…”

Relação entre Níveis de Governança, Política de Dividendos, Endividamento e Valor das Empresas Brasileiras

“…Ademais, verificaram que o nível de governança afeta significativamente no conservadorismo e no income smoothing. Esses resultados corroboram os achados em outros segmentos e ambientes econômicos (O´CONNOR; KINSELLA; O´SULLIVAN, 2014;NGUYEN;LOCKE;REDDY, 2015;HABIB;JIANG, 2015). Mussa, Musova e Debnárová (2015) observaram que existe uma relação positiva entre nível de endividamento e a estrutura de governança.…”