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Title: Empirical analysis of corporate governance and firm performance
Author: Abdullah, Azizah
ISNI:       0000 0001 1908 0635
Awarding Body: University of Portsmouth
Current Institution: University of Portsmouth
Date of Award: 2007
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British boardrooms have changed a great deal since the report of the Cadbiiry Committee in 1992. Reforms in the UK corporate governance have consistently encouraged an increase in the power of and effectiveness of non-executive directors. The independent non-executive director has become the principal instrument of better corporate governance. For example, the Cadbury Code set a minimum of three nonexecutive board members for each company; the 1998 Combined Code calls for at least one-third of the board to be independent directors; and recently, the ratio has increased to half as stated in the 2003 Combined Code. Evidence of widespread compliance has been reported. Pension Investment Research and Consultants Ltd (PIRC) Annual Review demonstrates a high overall compliance among the companies in the UK, (2001; 94%, 2002; 97%, 2003; 99%, and 2004; 99%). Despite the increase in the level of compliance, previous research on the link between corporate governance and firm performance has been mixed and inconclusive. An extensive volume of empirical research focusing on the relationship between firm performance and corporate governance finds no clear link.
Supervisor: Not available Sponsor: Not available
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral
EThOS ID:  DOI: Not available