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Corporate governance and firm performance: The sequel

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  • Bhagat, Sanjai
  • Bolton, Brian

Abstract

Director stock ownership is most consistently and positively related to future corporate performance. Public policymakers and long-term investors should find this result especially relevant given their strong interest in long-term corporate performance. Equally important, corporate governance researchers should consider director stock ownership as a measure of corporate governance; this will also aid in the comparability of results across different studies.

Suggested Citation

  • Bhagat, Sanjai & Bolton, Brian, 2019. "Corporate governance and firm performance: The sequel," Journal of Corporate Finance, Elsevier, vol. 58(C), pages 142-168.
    • Handle: RePEc:eee:corfin:v:58:y:2019:i:c:p:142-168
    DOI: 10.1016/j.jcorpfin.2019.04.006
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