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

Author

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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. Pagano, Marco & Volpin, Paolo, 2005. "Shareholder Protection, Stock Market Development and Politics," CEPR Discussion Papers 5378, C.E.P.R. Discussion Papers.
    3. 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.
    4. 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.
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    Cited by:

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