Is Corporate Governance in China Related to Performance Persistence?

Journal of Business Ethics 134 (4):575-592 (2016)

This paper examines the relationship between performance persistence and corporate governance. We document systematic differences in performance persistence across listed companies in China during 2001–2011, and empirically demonstrate that firms with better corporate governance show higher performance persistence. The results are robust over both the short and long terms. We also find that performance persistence is an important factor in refinancing, and it can lower companies’ costs of borrowing. Overall, our findings offer important implications for business ethics, as we demonstrate how corporate governance can lower companies’ costs of debt.
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DOI 10.1007/s10551-014-2385-3
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References found in this work BETA

Executive Compensation and Corporate Fraud in China.Martin J. Conyon & Lerong He - 2016 - Journal of Business Ethics 134 (4):669-691.
Ethical Issues in the Evolution Ofcorporate Governance in China.OnKit Tam - 2002 - Journal of Business Ethics 37 (3):303 - 320.

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Citations of this work BETA

Political Connections and Firm Value in China: An Event Study.Feng Liu, Hui Lin & Huiying Wu - 2018 - Journal of Business Ethics 152 (2):551-571.

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