Corporate Governance as a Crucial Factor in Achieving Sustainable Corporate Performance
In the developed stock markets the corporate governance aspect is crucial in the stock portfolio selection process for investor seeking to achieve shareholder value sustainability. In the emerging markets the importance of the corporate governance role just starts to be realized by the investors and...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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International Institute of Informatics and Cybernetics
2014-06-01
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| Series: | Journal of Systemics, Cybernetics and Informatics |
| Subjects: | |
| Online Access: | http://www.iiisci.org/Journal/CV$/sci/pdfs/SA718DP14.pdf
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| _version_ | 1818048787923337216 |
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| author | Julija Bistrova Natalja Lace Manuela Tvaronaviciene |
| author_facet | Julija Bistrova Natalja Lace Manuela Tvaronaviciene |
| author_sort | Julija Bistrova |
| collection | DOAJ |
| description | In the developed stock markets the corporate governance aspect is crucial in the stock portfolio selection process for investor seeking to achieve shareholder value sustainability. In the emerging markets the importance of the corporate governance role just starts to be realized by the investors and by the corporate managers.<br><br> The present research, looking at the stock performance leaders and laggards, analyzes whether the corporate governance system matters to achieve long-term shareholder value within the Central and Eastern European stock markets universe. Corporate governance quality was assessed and compared among the out- and underperformers. The financial results plausibility and the ownership structure were considered as well. Additionally, the authors analyzed whether the quality of corporate governance influences the economic performance of the company.<br><br> The obtained results provide the proof that the corporate governance does matter as the market outperformers have above average corporate governance quality and provide trustworthy financial results more often than the underperforming companies. Besides, well-governed companies are also able to deliver more attractive financial results. |
| first_indexed | 2024-12-10T10:27:14Z |
| format | Article |
| id | doaj.art-da59aaa759394fdab09ca137d5dde10e |
| institution | Directory Open Access Journal |
| issn | 1690-4524 |
| language | English |
| last_indexed | 2024-12-10T10:27:14Z |
| publishDate | 2014-06-01 |
| publisher | International Institute of Informatics and Cybernetics |
| record_format | Article |
| series | Journal of Systemics, Cybernetics and Informatics |
| spelling | doaj.art-da59aaa759394fdab09ca137d5dde10e2022-12-22T01:52:41ZengInternational Institute of Informatics and CyberneticsJournal of Systemics, Cybernetics and Informatics1690-45242014-06-011238288Corporate Governance as a Crucial Factor in Achieving Sustainable Corporate PerformanceJulija Bistrova0Natalja Lace1Manuela Tvaronaviciene2 In the developed stock markets the corporate governance aspect is crucial in the stock portfolio selection process for investor seeking to achieve shareholder value sustainability. In the emerging markets the importance of the corporate governance role just starts to be realized by the investors and by the corporate managers.<br><br> The present research, looking at the stock performance leaders and laggards, analyzes whether the corporate governance system matters to achieve long-term shareholder value within the Central and Eastern European stock markets universe. Corporate governance quality was assessed and compared among the out- and underperformers. The financial results plausibility and the ownership structure were considered as well. Additionally, the authors analyzed whether the quality of corporate governance influences the economic performance of the company.<br><br> The obtained results provide the proof that the corporate governance does matter as the market outperformers have above average corporate governance quality and provide trustworthy financial results more often than the underperforming companies. Besides, well-governed companies are also able to deliver more attractive financial results.http://www.iiisci.org/Journal/CV$/sci/pdfs/SA718DP14.pdf Corporate GovernanceCEE equity marketsOwnership structureEarnings qualityEconomic performance.stock performance |
| spellingShingle | Julija Bistrova Natalja Lace Manuela Tvaronaviciene Corporate Governance as a Crucial Factor in Achieving Sustainable Corporate Performance Journal of Systemics, Cybernetics and Informatics Corporate Governance CEE equity markets Ownership structure Earnings quality Economic performance. stock performance |
| title | Corporate Governance as a Crucial Factor in Achieving Sustainable Corporate Performance |
| title_full | Corporate Governance as a Crucial Factor in Achieving Sustainable Corporate Performance |
| title_fullStr | Corporate Governance as a Crucial Factor in Achieving Sustainable Corporate Performance |
| title_full_unstemmed | Corporate Governance as a Crucial Factor in Achieving Sustainable Corporate Performance |
| title_short | Corporate Governance as a Crucial Factor in Achieving Sustainable Corporate Performance |
| title_sort | corporate governance as a crucial factor in achieving sustainable corporate performance |
| topic | Corporate Governance CEE equity markets Ownership structure Earnings quality Economic performance. stock performance |
| url | http://www.iiisci.org/Journal/CV$/sci/pdfs/SA718DP14.pdf
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| work_keys_str_mv | AT julijabistrova corporategovernanceasacrucialfactorinachievingsustainablecorporateperformance AT nataljalace corporategovernanceasacrucialfactorinachievingsustainablecorporateperformance AT manuelatvaronaviciene corporategovernanceasacrucialfactorinachievingsustainablecorporateperformance |