{"id":"https://openalex.org/W249082554","doi":null,"title":"The Effect of Firm Characteristics on Corporate Governance: An Empirical Study in the United States","display_name":"The Effect of Firm Characteristics on Corporate Governance: An Empirical Study in the United States","publication_year":2009,"publication_date":"2009-08-01","ids":{"openalex":"https://openalex.org/W249082554","mag":"249082554"},"language":"en","primary_location":{"id":"mag:249082554","doi":null,"is_oa":false,"landing_page_url":"https://www.questia.com/library/journal/1P3-1874986671/the-effect-of-firm-characteristics-on-corporate-governance","pdf_url":null,"source":null,"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":"International journal of management","raw_type":null},"volume":null,"type":"article","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5000170904","display_name":"Srinivasan C. Ragothaman","orcid":"https://orcid.org/0000-0001-9736-2160","observed_orcids":["https://orcid.org/0000-0001-9736-2160"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Srinivasan Ragothaman","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0001-9736-2160","affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5079624822","display_name":"Kamala Gollakota","orcid":"https://orcid.org/0000-0003-4260-178X","observed_orcids":["https://orcid.org/0000-0003-4260-178X"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Kamala Gollakota","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":2.0131,"has_fulltext":false,"cited_by_count":15,"citation_normalized_percentile":{"value":0.89721275,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":87,"max":95},"biblio":{"volume":"26","issue":"2","first_page":"309","last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9901999831199646,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9901999831199646,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13957","display_name":"Corporate Governance and Financial Management","score":0.00800000037997961,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10081","display_name":"Auditing, Earnings Management, Governance","score":0.00039999998989515007,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/corporate-governance","display_name":"corporate governance","score":0.996999979019165},{"id":"https://openalex.org/keywords/firm-characteristics","display_name":"firm characteristics","score":0.9649999737739563},{"id":"https://openalex.org/keywords/board-independence","display_name":"board independence","score":0.6690000295639038},{"id":"https://openalex.org/keywords/shareholder-accountability","display_name":"shareholder accountability","score":0.6890000104904175},{"id":"https://openalex.org/keywords/firm-performance","display_name":"firm performance","score":0.8019999861717224},{"id":"https://openalex.org/keywords/financial-scandals","display_name":"financial scandals","score":0.7120000123977661},{"id":"https://openalex.org/keywords/return-on-assets","display_name":"return on assets","score":0.8109999895095825},{"id":"https://openalex.org/keywords/firm-size","display_name":"firm size","score":0.9900000095367432},{"id":"https://openalex.org/keywords/debt-ratio","display_name":"debt ratio","score":0.9900000095367432},{"id":"https://openalex.org/keywords/audit-opinion","display_name":"audit opinion","score":0.9819999933242798}],"concepts":[{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.8568459749221802},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.73386549949646},{"id":"https://openalex.org/C120757647","wikidata":"https://www.wikidata.org/wiki/Q381136","display_name":"Shareholder","level":3,"score":0.6772730946540833},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.58006751537323},{"id":"https://openalex.org/C2776007630","wikidata":"https://www.wikidata.org/wiki/Q2798912","display_name":"Accountability","level":2,"score":0.5437738299369812},{"id":"https://openalex.org/C137725906","wikidata":"https://www.wikidata.org/wiki/Q758913","display_name":"Audit committee","level":3,"score":0.4632045030593872},{"id":"https://openalex.org/C120936955","wikidata":"https://www.wikidata.org/wiki/Q2155640","display_name":"Empirical research","level":2,"score":0.4555548131465912},{"id":"https://openalex.org/C198531522","wikidata":"https://www.wikidata.org/wiki/Q485146","display_name":"Sample (material)","level":2,"score":0.4283146858215332},{"id":"https://openalex.org/C199521495","wikidata":"https://www.wikidata.org/wiki/Q181487","display_name":"Audit","level":2,"score":0.3680083751678467},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.32608741521835327},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.22774529457092285},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.16124564409255981},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.1306808888912201},{"id":"https://openalex.org/C185592680","wikidata":"https://www.wikidata.org/wiki/Q2329","display_name":"Chemistry","level":0,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C43617362","wikidata":"https://www.wikidata.org/wiki/Q170050","display_name":"Chromatography","level":1,"score":0.0},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"mag:249082554","doi":null,"is_oa":false,"landing_page_url":"https://www.questia.com/library/journal/1P3-1874986671/the-effect-of-firm-characteristics-on-corporate-governance","pdf_url":null,"source":null,"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":"International journal of management","raw_type":null}],"best_oa_location":null,"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/16","score":0.6601999998092651,"display_name":"Peace, justice, and strong institutions"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":0,"referenced_works":[],"related_works":["https://openalex.org/W3186895815","https://openalex.org/W2159752090","https://openalex.org/W7008683255","https://openalex.org/W7097570674","https://openalex.org/W2907718586","https://openalex.org/W2038907557","https://openalex.org/W6903833702","https://openalex.org/W7096244272","https://openalex.org/W7220752242","https://openalex.org/W2970639255"],"abstract_inverted_index":{"Recent":[0],"financial":[1,457],"scandals":[2,143],"in":[3,18,70,98,132,135,172,206,210,217,230,302,335,348,417,424,480,547,583,599],"United":[4,79],"States":[5,80],"companies":[6],"have":[7,254,274,412,421,463,516],"exposed":[8],"corporate":[15,60,114,142,158,469],"governance":[16,29,115,207,365,470],"weaknesses.":[11],"The":[12,28,109,282,577],"measure":[13,522],"of":[14,31,39,48,53,56,112,138,156,176,180,213,227,284,297,370,381,391,397,403,451,459,491,496,507,526,533,556,566,613],"used":[17,479,511],"this":[19,32,71,303,431,481],"study":[20,72,453,482],"is":[21,77,150,367,394],"based":[22,540],"on":[23,45,87,295,401,454,485],"a":[24,64,120,311,346,382,389,398,404,473,573],"Business":[25,474],"Week":[26,475],"survey.":[27,476],"rankings":[30],"survey":[33],"are":[34,96,184,188,198,306,408,513,544,581,610],"derived":[35],"from":[36,103],"the":[37,57,74,130,136,146,154,177,218,225,231,285,298,349,368,371,395,438,464,467,508,523,531,536,548,557,567,591,597,611,615],"opinions":[38],"experts":[40],"who":[41],"rated":[42],"each":[43],"company":[44],"four":[46],"aspects":[47],"governance:":[49,159],"shareholder":[50],"accountability,":[51],"quality":[52],"directors,":[54],"independence":[55],"board,":[58],"and":[59,73,93,124,168,195,215,221,228,262,269,279,320,325,332,359,375,411,426,443,456,466,503,515,564,579,586,594],"performance.":[61,445],"We":[62,446],"use":[63],"multivariate":[65],"logistic":[66],"regression":[67],"(logit)":[68],"model":[69],"sample":[75],"size":[76],"85":[78],"companies.":[81],"Our":[82],"results":[83,155,450,593],"suggest":[84],"that":[85,170,244,291,339,351,384,462,550,608],"return":[86,484],"assets,":[88,486],"firm":[89,263,312,444],"size,":[90],"debt":[91,487],"ratios,":[92],"auditor":[94],"opinion":[95],"useful":[97],"discriminating":[99],"best":[242],"governed":[101,105,260,316,344],"firms":[102,106,197,340,461],"worst":[104,468],"1.":[107],"Introduction":[108],"practical":[110],"importance":[111,226],"good":[399],"has":[116,128,208,235],"been":[117,413,422],"acknowledged":[118],"for":[119,241,288],"long":[121],"time":[122],"(Shleifer":[123],"Vishny,":[125],"1997),":[126],"but":[127,420],"taken":[129,529],"limelight":[131],"recent":[133],"years":[134],"wake":[137],"numerous":[139,307],"high":[140,355],"profile":[141],"all":[144],"over":[145],"world.":[147],"Globally,":[148],"there":[149,379],"increased":[151],"awareness":[152],"about":[153],"poor":[157],"fraud,":[160],"runaway":[161],"CEO":[162,329],"pay,":[163],"excessive":[164],"diversification,":[165],"questionable":[166],"acquisitions":[167],"decisions":[169,528],"result":[171],"an":[173,181,211,517],"overall":[174,333],"destruction":[175],"inherent":[178],"value":[179,490],"organization.":[182],"Shareholders":[183],"filing":[185],"suits,":[186],"regulators":[187],"enacting":[189],"laws":[190],"to":[191,200,238,248,472],"ensure":[192],"governance,":[194],"increasingly,":[196],"attempting":[199],"better":[201],"govern":[202],"themselves.":[203],"This":[204],"interest":[205,229],"resulted":[209],"explosion":[212],"research":[214,234,290,419,436],"commentaries":[216],"popular":[219],"press":[220],"academic":[222],"journals.":[223],"Despite":[224],"topic,":[232],"empirical":[233,252,449,592],"not":[236,275,409,427],"converged":[237],"provide":[239],"guidance":[240],"practices":[243],"might":[245,292],"be":[246,314,353],"followed":[247],"improve":[249],"governance.":[250],"Some":[251,506],"studies":[253],"shown":[255],"positive":[256],"relationships":[257],"between":[258,440],"well":[259,343],"corporations":[261],"performance":[264,402],"(Gill,":[265],"2001;":[266],"Gompers,":[267],"Ishii":[268],"Metrick,":[270],"2003),":[271],"while":[272],"others":[273],"(Dalton,":[276],"Daily,":[277],"Ellstrand":[278],"Johnson,":[280],"1998).":[281],"complexity":[283],"issue":[286],"calls":[287],"additional":[289],"shed":[293],"light":[294],"some":[296],"controversies":[299],"currently":[300],"raging":[301],"area.":[304],"There":[305],"mechanisms":[308,366],"by":[309,530],"which":[310],"may":[313],"effectively":[315],"such":[317],"as,":[318],"board":[319,372,383,400,441,532],"leadership":[321],"structure,":[322],"ownership":[323],"structure":[324,369],"large":[326],"block":[327],"shareholders,":[328,614],"compensation,":[330],"takeovers,":[331],"transparency":[334],"reporting.":[336],"Research":[337],"indicates":[338],"perceived":[341],"as":[342,354,356,388],"command":[345],"premium":[347],"market":[350,489,539],"could":[352],"10-12%":[357],"(Newell":[358],"Wilson,":[360],"2002).":[361],"Critical":[362],"among":[363],"various":[364,527],"(Daily,":[373],"Dalton":[374],"Cannella,":[376],"2003).":[377],"Are":[378],"characteristics":[380,442,458],"make":[385],"it":[386],"effective":[387],"tool":[390],"governance?":[392],"What":[393],"impact":[396],"firm?":[405],"These":[406,559],"questions":[407],"new":[410],"asked":[414],"many":[415],"times":[416],"prior":[418,435],"mired":[423],"controversy":[425],"fully":[428],"answered.":[429],"In":[430],"paper":[432,598],"we":[433,595],"review":[434],"exploring":[437],"relationship":[439],"then":[447],"present":[448],"our":[452],"accounting":[455,509],"US":[460],"according":[471],"Explanatory":[477],"variables":[478,510],"include:":[483],"ratio,":[488,499],"equity,":[492],"profit":[493],"margin,":[494],"cost":[495],"goods":[497],"sold":[498],"dividend":[500],"payout":[501],"ratio":[502],"audit":[504],"opinion.":[505],"above":[512,543],"historical":[514],"inward":[518],"looking":[519,546],"focus.":[520],"They":[521],"past":[524],"successes":[525],"directors.":[534],"On":[535],"other":[537],"hand,":[538],"measures":[541,560],"mentioned":[542],"forward":[545],"sense":[549],"they":[551],"emphasize":[552],"future":[553],"expected":[554],"earnings":[555],"firm.":[558],"reflect":[561],"current":[562],"plans":[563],"strategies":[565],"management":[568],"team.":[569],"Section":[570,588],"2":[571],"provides":[572],"brief":[574],"literature":[575],"review.":[576],"data":[578],"methodology":[580],"discussed":[582],"sections":[584],"3":[585],"4.":[587],"5":[589],"describes":[590],"conclude":[596],"section":[600],"6.":[601],"2.":[602],"Literature":[603],"Review":[604],"Agency":[605],"theory":[606],"holds":[607],"managers":[609],"agents":[612],"principals.":[616],"\u2026":[617]},"counts_by_year":[{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":1},{"year":2019,"cited_by_count":2},{"year":2016,"cited_by_count":1},{"year":2015,"cited_by_count":2},{"year":2014,"cited_by_count":2},{"year":2013,"cited_by_count":2},{"year":2012,"cited_by_count":2}],"updated_date":"2026-11-08T12:12:28.789561","created_date":"2016-06-24T00:00:00"}
