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Firm performance and comply or explain disclosure in corporate governance

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  • Rose, Caspar

Abstract

This study investigates the degree of Danish firm adherence to the Danish Code of Corporate Governance and analyzes if a higher degree of comply or explain disclosure is related to firm performance. This article formulates a methodology for quantifying the degree of comply or explain disclosure.

Suggested Citation

  • Rose, Caspar, 2016. "Firm performance and comply or explain disclosure in corporate governance," European Management Journal, Elsevier, vol. 34(3), pages 202-222.
    • Handle: RePEc:eee:eurman:v:34:y:2016:i:3:p:202-222
    DOI: 10.1016/j.emj.2016.03.003
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    2. MUNTHER Al-Nimer, 2019. "Effect Of Corporate Governance Rules On Voluntary Disclosure In Jordanian Corporations Listed With The Amman Stock Exchange (Ase): (An Empirical Study)," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 14(1), pages 154-168, April.
    3. Maria Aluchna & Tomasz Kuszewski, 2020. "Does Corporate Governance Compliance Increase Company Value? Evidence from the Best Practice of the Board," JRFM, MDPI, vol. 13(10), pages 1-21, October.
    4. Tatiana Dănescu & Ioan-Ovidiu Spătăcean & Maria-Alexandra Popa & Carmen-Gabriela Sîrbu, 2021. "The Impact of Corporate Governance Mechanism over Financial Performance: Evidence from Romania," Sustainability, MDPI, vol. 13(19), pages 1-14, September.
    5. Manuel E. Núñez Izquierdo & Josep Garcia‐Blandon & Christopher F. Baum, 2021. "Evaluating the impact of compliance with governance recommendations on firm performance: The case of Spain," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(3), pages 3788-3806, July.
    6. Leona Achtenhagen & Petra Inwinkl & Jacob Björktorp & Robert Källenius, 2018. "More than two decades after the Cadbury Report: How far has Sweden, as role model for corporate-governance practices, come?," International Journal of Disclosure and Governance, Palgrave Macmillan, vol. 15(4), pages 235-251, November.
    7. Florentina Melnic & Daniel Juravle, 2020. "Governance And Access To Finance," Review of Economic and Business Studies, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, issue 25, pages 151-168, June.
    8. Ilham Hidayah Napitupulu & Anggiat Situngkir & Ferry Hendro Basuki & Widyo Nugroho, 2023. "Optimizing good Corporate Governance Mechanism to Improve Performance: Case in Indonesia’s Manufacturing Companies," Global Business Review, International Management Institute, vol. 24(6), pages 1205-1226, December.
    9. Maria Aluchna & Tomasz Kuszewski, 2022. "Responses to corporate governance code: evidence from a longitudinal study," Review of Managerial Science, Springer, vol. 16(6), pages 1945-1978, August.
    10. Martha Coleman & Mengyun Wu & Mark Baidoo, 2020. "Corporate Governance and Working Capital Policy: An Unobserved Influence," Emerging Economy Studies, International Management Institute, vol. 6(1), pages 106-122, May.
    11. Michelberger Knut J., 2017. "Survey On Competence and Administration of Supervisory Board Activities in German Stock-Listed Companies," Acta Universitatis Sapientiae, Economics and Business, Sciendo, vol. 30(1), pages 62-78, November.
    12. Pietro Previtali & Paola Cerchiello, 2019. "Patterns of compliance with soft regulation in Italian listed companies," International Journal of Disclosure and Governance, Palgrave Macmillan, vol. 16(1), pages 37-46, March.
    13. Ștefan Cristian Gherghina, 2023. "Corporate Finance, Governance, and Social Responsibility," JRFM, MDPI, vol. 16(6), pages 1-5, June.
    14. Shrives, Philip J. & Brennan, Niamh M., 2017. "Explanations for corporate governance non-compliance: A rhetorical analysis," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 49(C), pages 31-56.
    15. Bravo-Urquiza, Francisco & Moreno-Ureba, Elena, 2021. "Does compliance with corporate governance codes help to mitigate financial distress?," Research in International Business and Finance, Elsevier, vol. 55(C).
    16. HERCIU Mihaela & OGREAN Claudia, 2017. "Does Capital Structure Influence Company’S Profitability?," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 12(3), pages 50-62, December.

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    More about this item

    Keywords

    Corporate governance; Disclosure; Comply or explain; Firm performance;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance

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