Matches in SemOpenAlex for { <https://semopenalex.org/work/W2894856427> ?p ?o ?g. }
- W2894856427 endingPage "2757" @default.
- W2894856427 startingPage "2740" @default.
- W2894856427 abstract "Purpose The purpose of this paper is to investigate if there is a differential effect of corporate governance mechanisms on firm risk in Canadian companies cross-listed on US markets and Canadian companies not cross-listed (Canadian only companies). Design/methodology/approach Using a sample comprised of all Canadian companies included in the S&P/TSX Composite Index for the period 2009–2014, this study applies OLS and fixed effect regressions to investigate the effect of corporate governance mechanisms on firm risk. Interaction variables between governance mechanisms and the cross-listing status are used to examine if this effect is different for cross-listed firms. Findings Results indicate that the effect of board characteristics such as size, independence and proportion of female directors remains the same in both cross-listed and not cross-listed firms. CEO duality and insider equity ownership impact firm risk only in cross-listed companies, while institutional shareholdings, environmental, social and governance disclosure and family control affect firm risk in Canadian only firms. Overall, the empirical results indicate that some governance mechanisms impact firm risk only in firms that cross-list, while others are well-suited for Canadian only firms. Practical implications This study suggests that some of the differences between Canadian companies that cross-list and the Canadian companies that do not cross-list in US stock markets may change the impact of governance mechanisms on firm risk. Therefore, these findings have important implications for the design of governance mechanisms in Canadian firms. Since some of these differences are common to other economies, the conclusions can be extended to companies in other countries with similar governance structures. Originality/value Although previous studies have investigated the effect of governance mechanism on firm risk, this is the first paper that studies the differential effect for companies that cross-list in US markets. Specifically, differences in the ownership structure, firm control and in the regulatory and institutional environment, may explain this differential effect. Unlike most of the previous studies that focus on the effect of individual governance mechanisms, this study uses several mechanisms and their interactions at the same time." @default.
- W2894856427 created "2018-10-12" @default.
- W2894856427 creator A5044813557 @default.
- W2894856427 creator A5063337373 @default.
- W2894856427 creator A5080209283 @default.
- W2894856427 date "2019-11-11" @default.
- W2894856427 modified "2023-10-01" @default.
- W2894856427 title "Corporate governance and risk in cross-listed and Canadian only companies" @default.
- W2894856427 cites W1531341052 @default.
- W2894856427 cites W1531758582 @default.
- W2894856427 cites W1553891743 @default.
- W2894856427 cites W1560043476 @default.
- W2894856427 cites W1695104977 @default.
- W2894856427 cites W1752223062 @default.
- W2894856427 cites W1851881529 @default.
- W2894856427 cites W1922732933 @default.
- W2894856427 cites W1996888963 @default.
- W2894856427 cites W1997204120 @default.
- W2894856427 cites W2004463963 @default.
- W2894856427 cites W2004601982 @default.
- W2894856427 cites W2006423233 @default.
- W2894856427 cites W2008479577 @default.
- W2894856427 cites W2021033891 @default.
- W2894856427 cites W2035621905 @default.
- W2894856427 cites W2046768316 @default.
- W2894856427 cites W2048220963 @default.
- W2894856427 cites W2055726297 @default.
- W2894856427 cites W2056209331 @default.
- W2894856427 cites W2064353332 @default.
- W2894856427 cites W2067004514 @default.
- W2894856427 cites W2074132263 @default.
- W2894856427 cites W2078487701 @default.
- W2894856427 cites W2084812861 @default.
- W2894856427 cites W2088894329 @default.
- W2894856427 cites W2094982943 @default.
- W2894856427 cites W2095299437 @default.
- W2894856427 cites W2101376317 @default.
- W2894856427 cites W2103324604 @default.
- W2894856427 cites W2111558694 @default.
- W2894856427 cites W2115318113 @default.
- W2894856427 cites W2135241016 @default.
- W2894856427 cites W2143557201 @default.
- W2894856427 cites W2144383963 @default.
- W2894856427 cites W2346871297 @default.
- W2894856427 cites W2395494298 @default.
- W2894856427 cites W2727870050 @default.
- W2894856427 cites W3021889044 @default.
- W2894856427 cites W3121239793 @default.
- W2894856427 cites W3121262773 @default.
- W2894856427 cites W3121693921 @default.
- W2894856427 cites W3122495951 @default.
- W2894856427 cites W3122661515 @default.
- W2894856427 cites W3123055067 @default.
- W2894856427 cites W3123091495 @default.
- W2894856427 cites W3123748565 @default.
- W2894856427 cites W3123991599 @default.
- W2894856427 cites W3124249486 @default.
- W2894856427 cites W3124317644 @default.
- W2894856427 cites W3124662114 @default.
- W2894856427 cites W3124697437 @default.
- W2894856427 cites W3124747412 @default.
- W2894856427 cites W3125062242 @default.
- W2894856427 cites W3125123918 @default.
- W2894856427 cites W3125331316 @default.
- W2894856427 cites W3125558218 @default.
- W2894856427 cites W3125822881 @default.
- W2894856427 cites W3126134627 @default.
- W2894856427 cites W4298070441 @default.
- W2894856427 doi "https://doi.org/10.1108/md-10-2017-1052" @default.
- W2894856427 hasPublicationYear "2019" @default.
- W2894856427 type Work @default.
- W2894856427 sameAs 2894856427 @default.
- W2894856427 citedByCount "13" @default.
- W2894856427 countsByYear W28948564272019 @default.
- W2894856427 countsByYear W28948564272020 @default.
- W2894856427 countsByYear W28948564272021 @default.
- W2894856427 countsByYear W28948564272022 @default.
- W2894856427 countsByYear W28948564272023 @default.
- W2894856427 crossrefType "journal-article" @default.
- W2894856427 hasAuthorship W2894856427A5044813557 @default.
- W2894856427 hasAuthorship W2894856427A5063337373 @default.
- W2894856427 hasAuthorship W2894856427A5080209283 @default.
- W2894856427 hasConcept C10138342 @default.
- W2894856427 hasConcept C121955636 @default.
- W2894856427 hasConcept C137725906 @default.
- W2894856427 hasConcept C144133560 @default.
- W2894856427 hasConcept C17744445 @default.
- W2894856427 hasConcept C199539241 @default.
- W2894856427 hasConcept C199728807 @default.
- W2894856427 hasConcept C2776904427 @default.
- W2894856427 hasConcept C2778971194 @default.
- W2894856427 hasConcept C39389867 @default.
- W2894856427 hasConceptScore W2894856427C10138342 @default.
- W2894856427 hasConceptScore W2894856427C121955636 @default.
- W2894856427 hasConceptScore W2894856427C137725906 @default.
- W2894856427 hasConceptScore W2894856427C144133560 @default.
- W2894856427 hasConceptScore W2894856427C17744445 @default.
- W2894856427 hasConceptScore W2894856427C199539241 @default.