References (1): focus on debt / credit rating



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References (1): focus on debt / credit rating

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____. 2002. Audit committee, board of director characteristics, and earnings management. Journal of Accounting and Economics, 33: 375-400.

La Porta, R., Lopez-de-Silanes, F., Shleifer, A. & Vishny, A. 2002. Investor protection and corporate valuation. Journal of Finance, 57: 1147-1170.

Lasfer, A. M. 2006. The interrelationship between managerial ownership and board structure. Journal of Business Finance and Accounting, 33 (7) & (8): 1006-1033.



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Organization for Economic Co-operation and Development, 2004. OECD Principles of Corporate Governance.

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References (2): focus on compensation

Abdullah, S. N. 2006. Directors’ remuneration, firm’s performance and corporate governance in Malaysia among distressed companies. Corporate Governance 6 (2), 162-174.

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Almazan, A., Hartzell, J. C., Starks, L. T., 2005. Active Institutional Shareholders and Costs of Monitoring: Evidence from Executive Compensation. Financial Management 34 (4), 5-34.

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Barrock, L. 2002. Big money: when directors earns but not shareholders. The Edge, January 15, available at:www.theedgedaily.com/article.cfm?id=10035

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Bhagat, S., Black, B., 2002.The non-correlation between board independence and long-term firm performance. Journal of Corporation Law 27 (2), 231-273.

Bhojraj, S., and P. Sengupta. 2003. Effect of corporate governance on bond ratings and yields: the role of institutional investors and the outside directors. The Journal of Business 76: 455-475.

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Byrd, J. W., Hickman, K. A., 1992. Do outside directors monitor managers? Evidence from tender offer bids. Journal of Financial Economics 32, 195-222.

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Carcello, J. V., Neal, T. L., 2003. Audit committee characteristics and auditor dismissals following “New” going–concern reports. The Accounting Review 78 (1), 95-117.

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Coles J. L., Daniel, N. D., Naveen, L., 2007. Boards: Does one size fit all? Journal of Financial Economics. (forthcoming)

Conyon, M.J., 1997. Corporate governance and executive compensation. International Journal of Industrial Organization 15, 493-509.

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Cotter, J., Shivdasani, A., Zenner, M., 1997. Do outside directors enhance target shareholder wealth during tender offer contests? Journal of Financial Economics 43, 195-218.

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Ellis, R. D., 1998. Equity derivatives, executive compensation, and agency costs. Houston Law Review 35, 399-451.

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Fan, P. H., Wong, T. J., 2002. Corporate Ownership Structure and the Informativeness of Accounting Earnings in East Asia. Journal of Accounting and Economics 33, 401-425.

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