文章基本信息

标题：The impact of reported corporate governance disclosure on the financial performance of companies listed on the JSE
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作者：A Abdo ; G Fisher
期刊名称：Investment Analysts Journal
印刷版ISSN：1029-3523
电子版ISSN：2077-0227
出版年度：2007
期号：66
出版社：Investment Analysts Society of Southern Africa
摘要：Large scale surveys of UK (CBI, Deloitte and Touche, 1996) and US (Daily and Dalton, 1994) companies a decade ago suggested that the majority of respondents felt that the heightened focus on corporate governance had no positive impact on corporate performance. The general feeling emerged that sound financial performance excuses poor governance (Pic, 1997). However, interest in corporate governance has grown tremendously in the past decade. Corporate scandals, environmental concerns and globalisation have all played their part in raising shareholder and public awareness of how companies should be governed. The recent international disasters in financial reporting including Enron and Worldcom in the US, Parmalat in Italy, the Maxwell saga in the UK, Daewoo in Korea, Leisurenet and Regal Bank in South Africa demonstrated the growing need for transparency in governing companies.