Product market competition and corporate governance: Complementary or substitute?

被引：0
|
作者：
Niu, JB [1 ]
Ran, FS [1 ]
机构：
[1] Nankai Univ, Sch Int Business, Res Ctr Corp Governance, Tianjin 300071, Peoples R China
来源：
Proceedings of the 2005 International Conference on Management Science & Engineering (12th), Vols 1- 3 | 2005年
关键词：
product market competition; corporate governance; productivity;
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The current relationship between market competition (or corporate governance) and firm performance are not conclusive. We think perhaps this is not because market competition and corporate governance don't work, but because these researches ignore the mutual influence between market competition and enterprise institution. Through our research, we find that moderate concentrated ownership and product market competition on productivity are complementary, so are relative disperse ownership and competition. We also notice the substitute impact between board governance and competition. Finally, we find CEO duality is substitute for competition. These conclusions deepen our understanding about the impact of market and corporate governance on firm performance.
引用
收藏
页码：851 / 856
页数：6
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