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oai:docta.ucm.es:20.500.14352/1301182026-01-14T08:19:16Zcom_20.500.14352_14col_20.500.14352_15

Corporate governance practices and comprehensive income López-Quesada Martín, Erika Ana Camacho Miñano, Juana María Del Mar Idowu, Samuel O. Financial performance Financial reporting Board of directors Corporate governance Administración de empresas 5311 Organización y Dirección de Empresas 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. Depto. de Administración Financiera y Contabilidad Fac. de Ciencias Económicas y Empresariales TRUE pub 2026-01-14T08:19:16Z 2026-01-14T08:19:16Z 2017-12-23 journal article https://hdl.handle.net/20.500.14352/130118 1472-0701 10.1108/CG-01-2017-0011 1758-6054 eng López-Quesada E, Camacho-Miñano M, O. Idowu S (2018), "Corporate governance practices and comprehensive income". Corporate Governance, Vol. 18 No. 3 pp. 462–477, doi: https://doi.org/10.1108/CG-01-2017-0011 metadata only access Emerald