RT Journal Article
T1 Corporate governance practices and comprehensive income
A1 López Quesada, Erika
A1 Camacho Miñano, María del Mar
A1 Idowu, Samuel O.
AB Purpose – The purpose of this paper is to analyze the effect of corporate governance practices on firms’ financial performance, as measured by comprehensive income (CI).Design/methodology/approach – Using a sample of 237 firms from the Standards & Poor (S&P) 500 index during the years 2004-2009, multivariate statistical analyses are conducted to confirm the authors’ main hypothesis.Findings – The results indicate that having high levels of corporate governance culture has a positive impact on a measure of firms’ financial performance, namely, CI. Furthermore, they indicate a positive correlation between a higher percentage of external directors and financial performance, and a negative relationship between number of board meetings and financial performance.Originality/value – The main contribution of this research is that good corporate governance strategies deliver superior financial performance for businesses in terms of CI. This serves as a method of value creation, which is the ultimate goal of a business. In addition to the use of CI as an indicator of financial performance, a unique measure of corporate governance level is tested.
PB Emerald
SN 1472-0701
YR 2018
FD 2018
LK https://hdl.handle.net/20.500.14352/19035
UL https://hdl.handle.net/20.500.14352/19035
LA eng
DS Docta Complutense
RD 1 may 2024