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2017 | 3 | 34-54

Article title

The Quality of Explanations for Deviation from Principles of Corporate Governance. An Introduction

Content

Title variants

Languages of publication

EN

Abstracts

Year

Issue

3

Pages

34-54

Physical description

Dates

published
2017-09-15

Contributors

  • Kozminski University

References

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  • Aguilera, R.V. and Cuervo-Cazurra, A. (2004). Codes of Good Governance Worldwide: What Is the Trigger? Organization Studies, 25: 415–443, https://doi.org/10.1177/0170840604040669
  • Andres, C. and Theissen, E. (2008). Setting a Fox to Keep the Geese: Does the Comply–or–Explain Principle Work? Journal of Corporate Finance, 14(3): 289–301. https://doi.org/10.1016/j.jcorpfn.2008.03.008
  • Arcot, S., Bruno, V. and Faure-Grimaudc, A. (2010). Corporate Governance in the UK: Is the Comply or Explain Approach Working? International Review of Law and Economics, 30: 193–201, https://doi.org/10.1016/j.irle.2010.03.002
  • Burton, P (2000). Antecedents and Consequences of Corporate Governance Structures. Corporate Governance: An International Review, 8: 194–203, https://doi.org/10.1111/1467-8683.00198
  • Cadbury Code (1992). The Financial Aspects of Corporate Governance. London: The Committee on the Financial Aspects of Corporate Governance and Gee and Co. Ltd.
  • Campbell, D., Craven, B. and Shrives, P. (2003). Voluntary Social Reporting in Three FTSE Sectors: A Comment on Perception and Legitimacy. Accounting, Auditing and Accountability Journal, 16(4): 558–581, https://doi.org/10.1108/09513570310492308
  • Cuomo, F. Mallin, C. and Zattoni, A. (2016). Corporate Governance Codes: A Review and Research Agenda. Corporate Governance: An International Review, 24(3): 222–241, https://doi.org/10.1111/corg.12148
  • Deegan, C. (2002). The Legitimizing Effect of Social and Environmental Disclosures: A Theoretical Foundation. Accounting, Auditing and Accountability Journal, 15(3): 282–311, https://doi.org/10.1108/09513570210435852
  • DiMaggio, P. and Powel, W. (1983). The Iron Cage Revisited: Institutional Isomorphism and Collective Rationality in Organizational Fields. American Sociological Review, 48(2): 147–160, https://doi.org/10.2307/2095101
  • Dowling, J. and Pfeffer, J. (1975). Organizational Legitimacy: Social Values and Organizational Behavior. The Pacifc Sociological Review, 18(1): 122–136, https://doi.org/10.2307/1388226
  • Drobetz, W., Schillhofer, A. and Zimmermann, H. (2004). Corporate Governance and Expected Stock Returns: Evidence from Germany. European Financial Management, 10: 267–93, https://doi.org/10.1111/j.1354-7798.2004.00250.x
  • Drobetz, W., Schillhofer, A. and Zimmermann, H. (2004). Corporate Governance and Expected Stock Returns: Evidence from Germany. European Financial Management, 10: 267–93, https://doi.org/10.1111/j.1354-7798.2004.00250.x
  • Directive 2013/34/EU of the European Parliament and of the Council of 26 June 2013 on the annual fnancial statements, consolidated fnancial statements and related reports of certain types of undertakings, amending Directive 2006/43/EC of the European Parliament and of the Council and repealing Council Directives 78/660/EEC and 83/349/EEC.
  • EcoDa (2015). Corporate Governance Compliance and Monitoring Systems across the EU. Enrione, A., Mazza, C. and Zerboni, F. (2006). Institutionalizing Codes of Good Governance. American Behavioral Scientist, 49: 961–973, https://doi.org/10.1177/0002764205285175
  • European Commission (2014). The Commission Recommendation of 9 April 2014 on the quality of corporate governance reporting (“comply or explain”) (2014/208/EU), Offcial Journal of the European Union, L/109/43.
  • European Commission (2011). The European Commission Green Paper on the EU Corporate Governance Framework.
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  • Financial Reporting Council (FRC) (2012). What constitutes an explanation under comply-or-explain? Report of discussions between companies and investors. London: FRC, https://www.frc.org.uk/Our-Work/Publications/Corporate-Governance/What-constitutes-an-explanation-undercomply-or-ex.pdf (07.2016).
  • Goncharov, I., Werner J.R. and Zimmermann, J. (2006). Does Compliance with the German Corporate Governance Code Have an Impact on Stock Valuation? An Empirical Analysis. Corporate Governance: An International Review, 14: 432–445, https://doi.org/10.1111/j.1467-8683.2006.00516.x
  • Gray, R., Kouhy, R. and Lavers, S. (1995). Constructing a Research Database of Social and Environmental Reporting by UK Companies. Accounting, Auditing and Accountability Journal, 8(2): 78–101, https://doi.org/10.1108/09513579510086812
  • Grant Thornton (2015). Corporate Governance Review 2015 – Trust and Integrity: Loud and Clear?
  • Grant Thornton (2011). Corporate Governance Review – A Changing Climate Fresh Challenges Ahead. London: Grant Thornton Risk Management Services, www.grant-thornton.co.uk/pdf/corporate_governance.pdf
  • Hooghiemstra, R. (2012). What Determines the Informativeness of Firms’ Explanations for Deviations from the Dutch Corporate Governance Code? Accounting and Business Research, 42(1): 1–27, https://doi.org/10.1080/00014788.2011.600630
  • Hooghiemstra, R. and van Ees, H. (2011). Uniformity as Response to Soft Law: Evidence From Compliance and Non–Compliance with the Dutch Corporate Governance Code. Regulation & Governance, 5: 480–498, https://doi.org/10.1111/j.1748-5991.2011.01118.x
  • Jerzemowska, M., Najman, K. and Campbell, K. (2010). A contribution to the evaluation of the Polish regulations on corporate governance. Journal of Management and Business Administration. Central Europe, 18(6).
  • Karlsson-Vinkhuyzen, S. and Vihma, A. (2009). Comparing the Legitimacy and Effectiveness of Global, Hard and Soft Law: An Analytical Framework. Regulation & Governance: 400–420, https://doi.org/10.1111/j.1748-5991.2009.01062.x
  • Keay, A. (2014). Comply or Explain in Corporate Governance Codes: In Need of Greater Regulatory Oversight? Legal Studies, 34: 279–304, https://doi.org/10.1111/lest.12014
  • Koładkiewicz, I. (2014). Dobre praktyki ładu korporacyjnego oraz ich transfer do twardego prawa. Perspektywa interesariuszy polskiego rynku kapitałowego. Studia Prawno-Ekonomiczne, 91(2): 193–212.
  • MacNeil, I. and Li, X. (2006). Comply or Explain: Market Discipline and Non-Compliance with the Combined Code. Corporate Governance: An International Review, 14(5): 486–496, https://doi.org/10.1111/j.1467-8683.2006.00524.x
  • Luo, Y. and Salterio, S.E. (2014). Governance Quality in a ‘Comply or Explain’ Governance Disclosure Regime. Corporate Governance: An International Review, 22: 460–481, https://doi.org/10.1111/corg.12072
  • OECD (2015). G20/OECD Principles Of Corporate Governance.
  • Pass, C. (2006). The Revised Combined Code and Corporate Governance: An Empirical Sample of 50 Large UK Companies. Managerial Law, 48(5): 467–478, https://doi.org/10.1108/03090550610715963
  • RiskMetrics Group (2009). Study on Monitoring and Enforcement Practices in Corporate Governance in the Member States: Study on Monitoring and Enforcement Practices in Corporate Governance in the Member States. Brussels: European Commission, http://ec.europa.eu/internal_market/company/docs/ecgforum/studies/comply-or-explain-090923_ en.pdf (06.2016).
  • Rosińska, M. (2008). Analiza ekonomiczna przedsiębiorstwa w oparciu o teorie instytucjonalne – koncepcja instytucjonalizmu organizacyjnego przedsiębiorstw. Acta Universitatis Lodziensis Folia Oeconomica, 221: 257–275.
  • Seidl, D., Sanderson, P. and Roberts, J. (2013). Applying the ‘Comply-or-Explain’ Principle: Discursive Legitimacy Tactics with Regard to Codes of Corporate Governance. Journal of Management Governance, 17: 791–826, https://doi.org/10.1007/s10997-011-9209-y
  • Seidl, D. (2007). Standard Setting and Following in Corporate Governance: An Observation – Theoretical Study of the Effectiveness of Governance Codes. Organization, 14(5): 705–727, https://doi.org/10.1177/1350508407080316
  • Sergakis, K. (2013). EU Corporate Governance: A New Supervisory Mechanism for the ‘Comply or Explain’ Principle? European Company & Financial Law Review: 394–431.
  • Shrives, P.J. and Brennan, N.M. (2015). A Typology for Exploring the Quality of Explanations for Non–Compliance with UK Corporate Governance Regulations. The British Accounting Review, 47: 85–99, https://doi.org/10.1016/j.bar.2014.08.002
  • Suchman, M.C. (1995), Managing Legitimacy: Strategic and Institutional Approaches. Academy of Management Review, 20: 571–610.
  • VonWerder, A., Talaulicar, T. and Kolat, G. (2005). Compliance with the German Corporate Governance Code: An Empirical Analysis of the Compliance Statements by German Listed Companies. Corporate Governance: An International Review, 13: 178–187, https://doi.org/10.1111/j.1467-8683.2005.00416.x

Document Type

Publication order reference

YADDA identifier

bwmeta1.element.desklight-a8340503-2718-4d1e-a065-5ee552309abf
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