Matches in SemOpenAlex for { <https://semopenalex.org/work/W3152199823> ?p ?o ?g. }
Showing items 1 to 83 of
83
with 100 items per page.
- W3152199823 abstract "Research Question/Issue: The post-Apartheid South African (SA) corporate governance (CG) model is a unique hybridisation of the traditional Anglo-American and Continental European-Asian CG models, distinctively requiring firms to explicitly comply with a number of affirmative action and stakeholder CG provisions, such as black empowerment and HIV/Aids. This paper examines the association between a broad CG index and firm value in this distinct corporate setting. Research Findings/Insights: Using a sample of 169 post-Apartheid SA firms from 2002 to 2007, we find a significant positive association between a broad CG index and firm value, as proxied by Tobin’s Q. Distinct from prior studies, but consistent with political cost, legitimacy and resource dependence theories, we find that compliance with affirmative action CG provisions impacts positively on firm value. The results are robust across a number of econometric models that control for different types of endogeneity, accounting and market-based firm valuation measures. Theoretical/Academic Implications: The paper contributes to the literature on the association between compliance with codes of good governance and firm value by specifically modelling the relationship within a unique institutional, legal and CG environment. Distinctively, we contribute to the literature by showing how affirmative action and stakeholder CG provisions impact on firm value. Practical/Policy Implications: The results have important policy implications for companies and regulators. They suggest that investors reward firms with better CG practices with higher market valuation, providing support to the efforts by various stakeholders at improving CG standards in SA companies. The results also suggest that SA companies who pay serious attention to complying with affirmative action and stakeholder CG provisions may reap benefits in the form of higher firm value." @default.
- W3152199823 created "2021-04-13" @default.
- W3152199823 creator A5006280108 @default.
- W3152199823 creator A5030002852 @default.
- W3152199823 creator A5043169421 @default.
- W3152199823 date "2010-01-01" @default.
- W3152199823 modified "2023-09-28" @default.
- W3152199823 title "Corporate governance, affirmative action and firm value: evidence from post-apartheid South African firms" @default.
- W3152199823 hasPublicationYear "2010" @default.
- W3152199823 type Work @default.
- W3152199823 sameAs 3152199823 @default.
- W3152199823 citedByCount "0" @default.
- W3152199823 crossrefType "posted-content" @default.
- W3152199823 hasAuthorship W3152199823A5006280108 @default.
- W3152199823 hasAuthorship W3152199823A5030002852 @default.
- W3152199823 hasAuthorship W3152199823A5043169421 @default.
- W3152199823 hasConcept C10138342 @default.
- W3152199823 hasConcept C121955636 @default.
- W3152199823 hasConcept C144133560 @default.
- W3152199823 hasConcept C149782125 @default.
- W3152199823 hasConcept C162324750 @default.
- W3152199823 hasConcept C175444787 @default.
- W3152199823 hasConcept C176239081 @default.
- W3152199823 hasConcept C17744445 @default.
- W3152199823 hasConcept C186027771 @default.
- W3152199823 hasConcept C187736073 @default.
- W3152199823 hasConcept C188959678 @default.
- W3152199823 hasConcept C199539241 @default.
- W3152199823 hasConcept C201305675 @default.
- W3152199823 hasConcept C202552767 @default.
- W3152199823 hasConcept C23032112 @default.
- W3152199823 hasConcept C2777732099 @default.
- W3152199823 hasConcept C39389867 @default.
- W3152199823 hasConcept C46295352 @default.
- W3152199823 hasConcept C610760 @default.
- W3152199823 hasConcept C94625758 @default.
- W3152199823 hasConceptScore W3152199823C10138342 @default.
- W3152199823 hasConceptScore W3152199823C121955636 @default.
- W3152199823 hasConceptScore W3152199823C144133560 @default.
- W3152199823 hasConceptScore W3152199823C149782125 @default.
- W3152199823 hasConceptScore W3152199823C162324750 @default.
- W3152199823 hasConceptScore W3152199823C175444787 @default.
- W3152199823 hasConceptScore W3152199823C176239081 @default.
- W3152199823 hasConceptScore W3152199823C17744445 @default.
- W3152199823 hasConceptScore W3152199823C186027771 @default.
- W3152199823 hasConceptScore W3152199823C187736073 @default.
- W3152199823 hasConceptScore W3152199823C188959678 @default.
- W3152199823 hasConceptScore W3152199823C199539241 @default.
- W3152199823 hasConceptScore W3152199823C201305675 @default.
- W3152199823 hasConceptScore W3152199823C202552767 @default.
- W3152199823 hasConceptScore W3152199823C23032112 @default.
- W3152199823 hasConceptScore W3152199823C2777732099 @default.
- W3152199823 hasConceptScore W3152199823C39389867 @default.
- W3152199823 hasConceptScore W3152199823C46295352 @default.
- W3152199823 hasConceptScore W3152199823C610760 @default.
- W3152199823 hasConceptScore W3152199823C94625758 @default.
- W3152199823 hasLocation W31521998231 @default.
- W3152199823 hasOpenAccess W3152199823 @default.
- W3152199823 hasPrimaryLocation W31521998231 @default.
- W3152199823 hasRelatedWork W1518160725 @default.
- W3152199823 hasRelatedWork W1597811024 @default.
- W3152199823 hasRelatedWork W1820750618 @default.
- W3152199823 hasRelatedWork W1853464014 @default.
- W3152199823 hasRelatedWork W2035841013 @default.
- W3152199823 hasRelatedWork W2045126916 @default.
- W3152199823 hasRelatedWork W2107505837 @default.
- W3152199823 hasRelatedWork W2126546050 @default.
- W3152199823 hasRelatedWork W2129535665 @default.
- W3152199823 hasRelatedWork W2199570028 @default.
- W3152199823 hasRelatedWork W2557722147 @default.
- W3152199823 hasRelatedWork W2782007065 @default.
- W3152199823 hasRelatedWork W2784816282 @default.
- W3152199823 hasRelatedWork W2801411601 @default.
- W3152199823 hasRelatedWork W2918757842 @default.
- W3152199823 hasRelatedWork W3000805694 @default.
- W3152199823 hasRelatedWork W3122813317 @default.
- W3152199823 hasRelatedWork W3125177158 @default.
- W3152199823 hasRelatedWork W3126034307 @default.
- W3152199823 hasRelatedWork W3183386638 @default.
- W3152199823 isParatext "false" @default.
- W3152199823 isRetracted "false" @default.
- W3152199823 magId "3152199823" @default.
- W3152199823 workType "article" @default.