Cross-Country Analysis of Corporate Governance Codes in the European Union

• Autorzy: Aleš Kubíček , Petra Štamfestová , Jiří Strouhal
• Języki publikacji: EN

Abstrakty

EN

The purpose of this paper is to analyse corporate governance codes in the member states of the European Union (EU) and to examine to what extent is their contents shaped by the EU. Building on study of diffusion in organizational settings, we examine whether exogenous forces in the form of the European Commission recommendations have impact on the contents of corporate governance codes or contents is driven by domestic stakeholders representing endogenous forces. Furthermore, we contribute to limited research analysing evolution of corporate governance codes and we examine how compliance with the European Commission (EC) has changed over time. Our findings suggest a significant strengthening of codes' quality across member states and convergence tendency to international best practices. However, we are not able to affirm that the European Commission recommendations were that certain exogenous force to shape national governance codes. (original abstract)

Słowa kluczowe

EN

Corporate governance; Code of Good Practice; Endogenous variable

PL

Ład korporacyjny; Kodeks dobrych praktyk; Zmienna objaśniana

• Czasopismo: Economics & Sociology
• Rocznik: 2016
• Tom: 9
• Numer: nr 2
• Strony: 319--337

Twórcy

autor

Aleš Kubíček

• University of Economics, Prague, Czech Republic

autor

Petra Štamfestová

• University of Economics, Prague, Czech Republic

autor

Jiří Strouhal

• Škoda Auto University Mladá Boleslav, Mladá Boleslav, Czech Republic

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Identyfikatory

DOI

10.14254/2071-789X.2016/9-2/22