Is corporate governance in China related to performance persistence?

Hass, Lars Helge and Johan, Sofia and Schweizer, Denis (2016) Is corporate governance in China related to performance persistence? Journal of Business Ethics, 134 (4). pp. 575-592. ISSN 0167-4544

Full text not available from this repository.

Abstract

This paper examines the relationship between performance persistence and corporate governance (as proxied for by board characteristics and shareholder structure). We document systematic differences in performance persistence across listed companies in China during 2001–2011, and empirically demonstrate that firms with better corporate governance show higher performance persistence. The results are robust over both the short and long terms. We also find that performance persistence is an important factor in refinancing, and it can lower companies’ costs of borrowing. Overall, our findings offer important implications for business ethics, as we demonstrate how corporate governance can lower companies’ costs of debt.

Item Type:
Journal Article
Journal or Publication Title:
Journal of Business Ethics
Uncontrolled Keywords:
/dk/atira/pure/subjectarea/asjc/3300/3308
Subjects:
ID Code:
70722
Deposited By:
Deposited On:
10 Sep 2014 12:33
Refereed?:
Yes
Published?:
Published
Last Modified:
01 Jul 2020 01:38