A dynamic estimation of governance structures and financial performance for Singaporean companies
In this study, a sample of 257 Singaporean domiciled non-financial listed companies is investigated using a system generalised method of moments (system GMM) estimator. This approach allows for controlling the potential sources of endogeneity which are inherent in the performance–governance relation...
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| Định dạng: | Journal article |
| Ngôn ngữ: | English |
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2022
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| Truy cập trực tuyến: | http://scholar.dlu.edu.vn/handle/123456789/715 https://www.sciencedirect.com/science/article/pii/S0264999314000996 |
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oai:scholar.dlu.edu.vn:123456789-7152022-07-30T09:11:03Z A dynamic estimation of governance structures and financial performance for Singaporean companies Nguyễn, Văn Tuấn Locke, Stuart Reddy, Krishna Corporate governance, Endogeneity, Firm performance, Panel data, System GMM, Singapore In this study, a sample of 257 Singaporean domiciled non-financial listed companies is investigated using a system generalised method of moments (system GMM) estimator. This approach allows for controlling the potential sources of endogeneity which are inherent in the performance–governance relationship. Our findings strongly support the proposition that the relationship between corporate governance structures and firm performance is dynamic by nature. Moreover, our results show that the internal corporate governance structures do matter in Singapore, where the market for corporate control is relatively poor. This study is novel as it is the first to explore the corporate governance–firm performance nexus using a dynamic approach for the Singapore market. This study significantly contributes to a better understanding of international diversity on corporate governance by providing further empirical evidence from an emerging market characterised by the best corporate governance practices in the Asian region. 40 C 1-14 2022-07-29T01:11:06Z 2022-07-29T01:11:06Z 2014 Journal article Bài báo đăng trên tạp chí thuộc ISI, bao gồm book chapter 0264-9993 http://scholar.dlu.edu.vn/handle/123456789/715 10.1016/j.econmod.2014.03.013 https://www.sciencedirect.com/science/article/pii/S0264999314000996 en Economic Modelling |
| institution |
Thư viện Trường Đại học Đà Lạt |
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Thư viện số |
| language |
English |
| topic |
Corporate governance, Endogeneity, Firm performance, Panel data, System GMM, Singapore |
| spellingShingle |
Corporate governance, Endogeneity, Firm performance, Panel data, System GMM, Singapore Nguyễn, Văn Tuấn Locke, Stuart Reddy, Krishna A dynamic estimation of governance structures and financial performance for Singaporean companies |
| description |
In this study, a sample of 257 Singaporean domiciled non-financial listed companies is investigated using a system generalised method of moments (system GMM) estimator. This approach allows for controlling the potential sources of endogeneity which are inherent in the performance–governance relationship. Our findings strongly support the proposition that the relationship between corporate governance structures and firm performance is dynamic by nature. Moreover, our results show that the internal corporate governance structures do matter in Singapore, where the market for corporate control is relatively poor. This study is novel as it is the first to explore the corporate governance–firm performance nexus using a dynamic approach for the Singapore market. This study significantly contributes to a better understanding of international diversity on corporate governance by providing further empirical evidence from an emerging market characterised by the best corporate governance practices in the Asian region. |
| format |
Journal article |
| author |
Nguyễn, Văn Tuấn Locke, Stuart Reddy, Krishna |
| author_facet |
Nguyễn, Văn Tuấn Locke, Stuart Reddy, Krishna |
| author_sort |
Nguyễn, Văn Tuấn |
| title |
A dynamic estimation of governance structures and financial performance for Singaporean companies |
| title_short |
A dynamic estimation of governance structures and financial performance for Singaporean companies |
| title_full |
A dynamic estimation of governance structures and financial performance for Singaporean companies |
| title_fullStr |
A dynamic estimation of governance structures and financial performance for Singaporean companies |
| title_full_unstemmed |
A dynamic estimation of governance structures and financial performance for Singaporean companies |
| title_sort |
dynamic estimation of governance structures and financial performance for singaporean companies |
| publishDate |
2022 |
| url |
http://scholar.dlu.edu.vn/handle/123456789/715 https://www.sciencedirect.com/science/article/pii/S0264999314000996 |
| _version_ |
1768305830522781696 |