Governance and Financial Policy in East Asia

Rees, W. (Speaker)

Activity: Academic talk or presentation typesInvited talk

Description

We use the wide diversity in East Asia firm governance to examine the interaction between governance practice, financial policies and value. We interact dividend policy, capital structure and firm value and investigate the impact of code law, more general countrywide governance measures, ownership and auditors. We demonstrate that code versus common law is not a uniquely effective description of country governance; that dividend policy is effected by country level governance, ownership and audit practice; that capital structure is partly determined by country level governance and growth expectations; and that firm value is impacted by auditor choice, country level governance, ownership and capital structure. This is a complex picture, not readily susceptible to easy generalisations, but we believe this complexity is the underlying reality.
Period2009
Event titleResearch Workshop - EUROMED
Event typeWorkshop
LocationMarseille, France