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Corporate Governance, Financial Slack and Firm Performance: A Comparative Study between US and UK
DC Field | Value | Language |
---|---|---|
dc.contributor.author | LEE, SANGHOON | - |
dc.date.accessioned | 2012-11-16T08:22:23Z | - |
dc.date.available | 2012-11-16T08:22:23Z | - |
dc.date.issued | 2012-06 | - |
dc.identifier.citation | Seoul Journal of Business, Vol.18 No.1, pp. 4-23 | - |
dc.identifier.issn | 1226-9816 | - |
dc.identifier.uri | https://hdl.handle.net/10371/79401 | - |
dc.description.abstract | This paper presents an empirical analysis of the relationship between financial slack and firm performance using a large panel data set of the U.S. and the U.K. firms. Conducting dynamic GMM regressions, the empirical
analysis finds that there are the negative relationship between slack and performance in the U.S. and the positive relationship in the U.K. These empirical findings support the hypothesis that the relationship between slack and performance differs across corporate governance systems. The novelty of the paper lies in its demonstration of the conclusion on the role of corporate governance in the relationship between slack and performance as well as the fact that we could obtain the result by comparing the two countries—the U.S. and the U.K—that have been regarded as belonging to a single corporate governance system. | - |
dc.language.iso | en | - |
dc.publisher | College of Business Administration (경영대학) | - |
dc.subject | Corporate Governance | - |
dc.subject | Financial Slack | - |
dc.subject | Organizational Slack | - |
dc.subject | GMM Regression | - |
dc.title | Corporate Governance, Financial Slack and Firm Performance: A Comparative Study between US and UK | - |
dc.type | SNU Journal | - |
dc.contributor.AlternativeAuthor | 이상훈 | - |
dc.citation.journaltitle | Seoul Journal of Business | - |
dc.citation.endpage | 23 | - |
dc.citation.number | 1 | - |
dc.citation.pages | 4-23 | - |
dc.citation.startpage | 4 | - |
dc.citation.volume | 18 | - |
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