Corporate Governance in Jamaica: A Risk Management Approach

Autor:	Twila Mae Logan, Doreen J. Gooden
Rok vydání:	2013
Předmět:	Shareholder business.industry Corporate governance Enterprise value Value (economics) Accounting Monetary economics business Risk management
Zdroj:	International Journal of Business and Management. 9
ISSN:	1833-8119 1833-3850
DOI:	10.5539/ijbm.v9n1p101
Popis:	This study examined how both board composition and ownership structure impact the riskiness and value ofpublicly traded non-financial firms in Jamaica. The study found that increasing managerial ownership wasassociated with larger weekly returns. In addition, the riskiness of the firm was influenced by the ownershipstructure and board composition. Specifically, riskier firms have a greater percentage of inside directors andhave top ten shareholders that hold a smaller fraction of the firm. Even though inside directors are associatedwith riskier firms, these directors did not appear to increase firm value as measured by weekly returns of theirfirms.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::df563ffa3fc598405de690ddf8be91c9 https://doi.org/10.5539/ijbm.v9n1p101 Zobrazit plný text záznamu