Choice and Performance of Governance Mechanisms: Matching Alliance Governance to Asset Type

2008 ◽  
Author(s):  
Glenn P. Hoetker ◽  
Thomas Mellewigt
2014 ◽  
Vol 3 (3) ◽  
pp. 53-85
Author(s):  
Shkendije Himaj

Abstract Corporate governance is viewed as an important, essential, and most significant factor for well-functioning of firms. Recent academic work and policy analyses have given insight into the governance problems in banks exposed to the financial crisis and suggest possible solutions. This paper begins by explaining the importance of corporate governance and its impact on risk taking and bank performance based on the theoretical background relevant to the corporate governance of banks. I combine the literature that looks at three areas of governance: ownership structure; board structure; and risk management, with the literature on risk-taking and performance effects in order to better assess the weight of the impact that these governance mechanisms have on both performance and risk. The paper concludes by highlighting the areas where further research is needed.


2020 ◽  
Author(s):  
Arne Keller ◽  
Fabrice Lumineau ◽  
Thomas Mellewigt ◽  
Africa M. Ariño

2019 ◽  
Vol 07 (01) ◽  
pp. 1940002
Author(s):  
IDA CLAUDIA PANETTA ◽  
SABRINA LEO ◽  
FABRIZIO SANTOBONI ◽  
GIANFRANCO VENTO

This paper examines the evolution of the attention paid by a sample of EU banks on IT governance. We propose an analysis based on IT public disclosure to contribute to the less explored strand of literature on IT governance transparency. We explore if the attention paid by banks to this topic has grown after the crises and if the greater importance ascribed to IT governance is due to the Supervisors’ pressure or the value-driven decisions. In particular, we test if, as for other corporate governance mechanisms, there is a verifiable linkage between IT governance (disclosure) and banks’ performance.


This study examines the effects of the correlation between governance on the performance in the Jordanian companies, the sample comprises of 85 companies, 600 observations, listed in ASE for the period from (2008-2015), thus our goal is the correlation between the governance mechanisms and performance. The results of this research expose a strong correlation both the governance mechanisms and performance, and the results of this study have significant that supports encouraging the enforcement of the principles of governance and controlling the behavior of these committees, the reliability of data, financial information, and reports issued by companies can be enhanced. The results of the current study show that there is an important and strong relationship between governance and its mechanisms, as it showed that the independence of the audit committees and their experience have a positive and important impact on the performance and thus have an impact on the earnings and their quality and the financial reports of the Jordanian companies and the mitigation of earnings management. This study bridges the literature gap by providing empirical evidence on the efficiency of governance in Jordan and its impact on performance. Consequently, this study has a strong contribution to knowledge about governance, its mechanisms, earnings management, and assistance to specialists in making decisions.


2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Xuan Bai ◽  
Shibin Sheng ◽  
Julie Juan Li

Purpose This paper aims to examine alliance governance at different hierarchical levels. Design/methodology/approach The data is collected from both top-level and operating-level managers in 286 strategic alliances in China (a total of 572 managers). Hierarchical moderated regression models are adopted to test the hypotheses and two-stage regression analyzes are used to correct for endogeneity. Findings This paper finds that relational governance has a greater impact on alliance performance than contract utilization at the top level. Furthermore, the simultaneous use of relational governance at the top and operating levels have a detrimental impact on alliance performance. Finally, top-level contract utilization has a negative interaction with operating-level relational governance but a positive interaction with operating-level contract utilization. Research limitations/implication First, the cross-sectional nature of the data collection approach provides only a snapshot of how each type of governance mechanism and its interactions affect alliance performance. Second, the sample is limited to firms located in emerging markets. Practical implications Managers should realize that the effectiveness of contract and relational governance mechanisms varies across different management levels and they should be cautious about the cross-level governance mechanism alignment. Originality/value This study advances the interfirm governance literature in that this paper examined alliance governance at different hierarchical levels and provides new insights into the ongoing debate on whether the contract and relational governance mechanisms function as complements or substitutes by exploring the governance alignment across different alliance hierarchies.


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