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Article Dans Une Revue International Review of Financial Analysis Année : 2024

Internal governance mechanisms and corporate misconduct

Résumé

This study aimed to provide new evidence linking internal corporate governance mechanisms and corporate misconduct by using a sample of 2,844 public US companies during the period 2007–2019. The results revealed that the optimal size and diversity of boards, including well-functioning audit committees, are negatively correlated with corporate violations. By contrast, it was shown that board members’ independence, activity, and ownership are positively correlated with a firm’s fraudulent activities. Therefore, not all internal governance mechanisms are related to reduced corporate misconduct. Moreover, the study shows that some internal governance mechanisms, such as the share of female board members, mitigate certain types of corporate misconduct.

Dates et versions

hal-04549564 , version 1 (17-04-2024)

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Citer

Nicolas Eugster, Oskar Kowalewski, Piotr Śpiewanowski. Internal governance mechanisms and corporate misconduct. International Review of Financial Analysis, 2024, 92, pp.103109. ⟨10.1016/j.irfa.2024.103109⟩. ⟨hal-04549564⟩
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