Corporate Governance, Industry Dynamics and Firms Performance: An Empirical Analysis of a Best Practice Model (notice n° 546746)
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| control field | 20250121114318.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Krafft, Jackie |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | Corporate Governance, Industry Dynamics and Firms Performance: An Empirical Analysis of a Best Practice Model |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2009.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 40 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | RésuméCe papier entend relier gouvernement d’entreprise, dynamique industrielle et performance des firmes. Dans cette perspective, nous nous focalisons sur l’impact que peut avoir l’application d’un modèle normatif de gouvernement d’entreprise par la valeur actionnariale sur la dynamique industrielle et les performances des firmes mesurées en termes économiques mais aussi financiers. Au niveau théorique, ce papier propose un cadre d’analyse intégré rassemblant les questions de gouvernement d’entreprise et de dynamique industrielle. Toutefois, le papier avance également que l’analyse combinée de ces questions requiert d’importantes investigations dans le domaine empirique. Dans une étude de cas, nous montrons que l’adoption du modèle normatif de gouvernement d’entreprise dans l’industrie des équipements spécialisés de télécommunications a contribué a créer de larges perturbations dans la dynamique industrielle affectant les performances à la fois économiques et financières des firmes.Dans une étude économétrique, en combinant deux bases de données (Corporate Governance Quotient et Datastream), nous montrons les différences d’impact de l’application du modèle normatif de gouvernement d’entreprise sur la dynamique industrielle, et nous confirmons l’observation des amplifications à la hausse et à la baisse déjà notée, au moins au niveau de la performance sur les marchés boursiers.Classification JEL – G30, L20, L60, L80, L90. |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | This paper intends to relate more closely corporate governance, industry dynamics and firms performance. In this perspective, it focuses on the impact of applying the normative, best practice, shareholder value model of corporate governance on industry dynamics and related performance measured by economic as well as financial indicators. At a theoretical level, the paper presents an integrated framework based on the connection between firms governance and industry dynamics issues. But the core of the paper is to advance that the combination of corporate governance and industry dynamics also requires important investigations into empirical aspects. At a case study level, our major finding is that the adoption of the best practice model of corporate governance in the telecoms equipment supplier industry contributed to create large ups and downs in the industry dynamics affecting both economic and financial performances. At a more general level, combining two different datasets Corporate governance Quotient (CGQ) and DATASTREAM, we show the variegated impact of the normative model on industry dynamics and confirm the observed phenomenon of ups and downs amplifications formerly emphasized, at least at the level of stock market performance.JEL Codes – G30, L20, L60, L80, L90. |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | industry dynamics |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | corporate governance |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | innovative versus traditional industries |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | stock market |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | firm performance |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Qu, Yiping |
| Relator term | author |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Ravix, Jacques-Laurent |
| Relator term | author |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Recherches économiques de Louvain | 74 | 4 | 2009-01-05 | p. 455-478 | 0770-4518 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/journal-recherches-economiques-de-louvain-2008-4-page-455?lang=en&redirect-ssocas=7080">https://shs.cairn.info/journal-recherches-economiques-de-louvain-2008-4-page-455?lang=en&redirect-ssocas=7080</a> |
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