• Medientyp: E-Book
  • Titel: Anti-Misconduct Policies, Corporate Governance and Capital Market Responses : International Evidence
  • Beteiligte: Li, Changhong [VerfasserIn]; Li, Jialong [Sonstige Person, Familie und Körperschaft]; Liu, Mingzhi [Sonstige Person, Familie und Körperschaft]; Wang, Yuan [Sonstige Person, Familie und Körperschaft]; Wu, Zhenyu [Sonstige Person, Familie und Körperschaft]
  • Erschienen: [S.l.]: SSRN, [2017]
  • Umfang: 1 Online-Ressource (43 p)
  • Sprache: Englisch
  • Entstehung:
  • Anmerkungen: In: Journal of International Financial Markets, Institutions, and Money, Forthcoming
    Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments December 1, 2016 erstellt
  • Beschreibung: Using a sample of 5,486 observations from 25 countries between 2009 and 2013, we investigate the signaling effects of anti-misconduct policies on market valuation, and address the roles played by internal corporate governance mechanisms and external institutional environments. The results show that effective corporate governance mechanisms lead to higher-quality anti-misconduct policies. Furthermore, we find that although anti-misconduct policies alone do not affect market valuation in general, they do improve market valuation in countries with stronger legal and regulatory environments
  • Zugangsstatus: Freier Zugang