Publication:
Do Firms Decouple Corporate Governance Policy and Practice?

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dc.contributor.authorNasha Ananchotikulen_US
dc.contributor.authorRoy Kouwenbergen_US
dc.contributor.authorVisit Phunnarungsien_US
dc.contributor.otherBank of Thailanden_US
dc.contributor.otherErasmus University Rotterdamen_US
dc.contributor.otherMahidol Universityen_US
dc.date.accessioned2018-09-24T08:50:40Z
dc.date.available2018-09-24T08:50:40Z
dc.date.issued2010-11-01en_US
dc.description.abstractWe test whether Thai listed firms with higher levels of good governance policy adoption are less likely to violate listing rules and laws designed to protect shareholders. Our results suggest that firms on average implement, substantively as opposed to symbolically, recommended governance policies, as violations occur less frequently among firms with higher governance policy adoption scores. However, we also find evidence of symbolic governance among a small group of 'talk-only' firms that issue statements about governance while lagging in the adoption of policies related to shareholder rights and the board of directors. © 2010 Blackwell Publishing Ltd.en_US
dc.identifier.citationEuropean Financial Management. Vol.16, No.5 (2010), 712-737en_US
dc.identifier.doi10.1111/j.1468-036X.2010.00545.xen_US
dc.identifier.issn1468036Xen_US
dc.identifier.issn13547798en_US
dc.identifier.other2-s2.0-77958579079en_US
dc.identifier.urihttps://repository.li.mahidol.ac.th/handle/20.500.14594/28860
dc.rightsMahidol Universityen_US
dc.rights.holderSCOPUSen_US
dc.source.urihttps://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=77958579079&origin=inwarden_US
dc.subjectBusiness, Management and Accountingen_US
dc.subjectEconomics, Econometrics and Financeen_US
dc.titleDo Firms Decouple Corporate Governance Policy and Practice?en_US
dc.typeArticleen_US
dspace.entity.typePublication
mu.datasource.scopushttps://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=77958579079&origin=inwarden_US

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