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Corporate Governance and Firm Performance: the effects of regulation and competitiveness

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  • Krishna Udayasankar
  • Shobha S. Das

Abstract

We propose that the extent to which regulation and competitiveness play a role in the country environment has a complex, interactive effect on the relationship between corporate governance and firm performance. Using an analytical method, we develop an algorithm to express these effects, and offer proofs to show that our algorithm meets central conditions that are identified based on extant research findings in this domain. An illustration traces the performance of firms with different corporate governance standards across various environmental conditions.

Suggested Citation

  • Krishna Udayasankar & Shobha S. Das, 2007. "Corporate Governance and Firm Performance: the effects of regulation and competitiveness," Corporate Governance: An International Review, Wiley Blackwell, vol. 15(2), pages 262-271, March.
    • Handle: RePEc:bla:corgov:v:15:y:2007:i:2:p:262-271
    DOI: 10.1111/j.1467-8683.2007.00558.x
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    References listed on IDEAS

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    1. Klapper, Leora F. & Love, Inessa, 2004. "Corporate governance, investor protection, and performance in emerging markets," Journal of Corporate Finance, Elsevier, vol. 10(5), pages 703-728, November.
    2. Marco Pagano & Paolo Volpin, 2005. "Shareholder Protection, Stock Market Development, and Politics," CSEF Working Papers 149, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    3. Tarun Khann & Krishna Palepu, 2004. "The Evolution of Concentrated Ownership in India Broad patterns and a History of the Indian Software Industry," NBER Working Papers 10613, National Bureau of Economic Research, Inc.
    4. Khanna, Tarun & Kogan, Joe & Palepu, Krishna, 2002. "Globalization and Similarities in Corporate Governance: A Cross-Country Analysis," CEI Working Paper Series 2002-6, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
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    Cited by:

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    2. Anne Hamby & Niusha Jones & Guohong Yu, 2021. "Exploring the effects of for‐profit and nonprofit size congruency: An exchange perspective on cause‐related marketing," Journal of Consumer Affairs, Wiley Blackwell, vol. 55(1), pages 274-292, March.

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