Internal governance mechanisms and corporate misconduct

被引：5

作者：

Eugster, Nicolas

Kowalewski, Oskar ^{[1
,2
,3
,4
,5
,6
]}

Spiewanowski, Piotr ^{[2
]}

机构：

[1] Univ Queensland, Brisbane, Australia

[2] Polish Acad Sci Warsaw, Inst Econ, Warsaw, Poland

[3] IESEG Sch Management, UMR 9221, LEM Lille Econ Management, F-59000 Lille, France

[4] Univ Lille, UMR 9221, LEM Lille Econ Management, F-59000 Lille, France

[5] CNRS, UMR 9221, LEM Lille Econ Management, F-59000 Lille, France

[6] ESEG Sch Management, Socle Grande Arche, 1 Parvis La Def, F-92044 Paris, France

来源：

INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS | 2024年 / 92卷

关键词：

Corporate misconduct; Internal governance mechanisms; Board of directors; Committees; Ownership; FIRM PERFORMANCE; OWNERSHIP STRUCTURE; GENDER DIVERSITY; WOMEN DIRECTORS; FAMILY FIRMS; BOARD; FRAUD; INCENTIVES; COMPENSATION; INDEPENDENCE;

D O I：

10.1016/j.irfa.2024.103109

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This study aimed to provide new evidence linking internal corporate governance mechanisms and corporate misconduct by using a sample of 2,844 public US companies during the period 2007-2019. The results revealed that the optimal size and diversity of boards, including well-functioning audit committees, are negatively correlated with corporate violations. By contrast, it was shown that board members' independence, activity, and ownership are positively correlated with a firm's fraudulent activities. Therefore, not all internal governance mechanisms are related to reduced corporate misconduct. Moreover, the study shows that some internal governance mechanisms, such as the share of female board members, mitigate certain types of corporate misconduct.

引用

页数：20

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