Review on Quantitative Assessment of Corporate Governance

Xiaolu LI, Zhonghua REN, Jian TANG

Abstract


Recently a lot of different institutions and research centers around the world gradually launch their corporate governance assessment system, making each interested party to get to know the corporate governance level and making reasonable decisions. This essay is based upon corporate governance and assessment connotation, summarizes and concludes the research progress of domestic and overseas corporate governance quantitative assessment, finding that corporate governance quantitative assessment mainly relies on composite indicator assessment, but there is still big difference in the starting point, targeted object and assessment indicator of assessment indicator system, so some people question the validity and applicability of this assessment indicator system. Based on this, this essay points out that the existent literature review has some problems such as assessment subject is vague, missing out some key indicators, weighting subjectively and failing to abide the principle of “ substance over form”, thus bringing up corresponding suggestion.


Keywords


Corporate Governance; The Evaluation Systems; Substance over Form; Improvement Suggestions

Full Text:

PDF

References


Aguilera, R. V., & Cuervo-Cazurra, A. (2009). Codes of good governance. Corporate Governance: An International Review, (17), 376-387.

Christian, S. (2004). Corporate Governance: An International Review, XXXX, 12(1), 11-15.

Dallas, G., & Patel, S. A. (2004). Corporate governance as a risk factor. Governance and Risk, 2-19.

Doidge, C., Karolyi, G. A., & Stulz, R. M. (2007). Why do countries matter so much for corporate governance? Journal of Financial Economics, (86), 1-39.

Governance Rating Service (Ed.). (2000). The deminor corporate. European Report Deminor Rating.

Haitong Securities Research Institute Listed Corporate Governance Evaluation Team. (2002). Listed corporate governance evaluation system and its application. Securities Market Herald.

He, Q. H. (2006). Research on corporate governance evaluation system of state owned enterprises. Hefei University of Technology (Social Sciences), (1), 65-70.

Howard, S. (2004). Corporate Governance Ratings. Corporate Governance: An International Review 12(1), 5-7.

Koehn, D., & Ueng, J. (2005). Evaluating the Evaluators: Should Investors Trust Corporate Governance Metrics Ratings? Journal of Management and Governance, 9, 111-128.

Li, J. Q. (2008). International comparative analysis of China’s corporate governance and innovative research on objective model of China’s corporate governance. Northeastern University.

Li, W. A., & Cheng, X. S. (2005). Corporate Governance Evaluation and Its Database Construction. China Accounting Review, (2), 387-400.

Li, W. A., Xu, Y. K., & Song, W. X. (2011). Frontier exploration and analysis of Corporate Governance Evaluation. Foreign Economics and Management, (8), 64.

Liang, S. P. (2006). Research and application of corporate governance evaluation model. Dongbei University of Finance and Economics, Dalian.

Liao, J., & Zhai, S. P. (2009). Research on Governance Evaluation System of Listed Corporate--Based on the perspective of the protection of small and medium-sized investors. Zhengzhou Institute of Aeronautical Industry Management, (1).

Liu, Y. G. (2006). Research on corporate governance of SOEs. Hefei University of Technology.

Lu, W. J. (2007). Research on governance evaluation system of China’s listed corporate. Jilin University, Changchun.

Meng, L. Y., & Zhang, Y. (2009). Comparison between Corporate Governance Evaluation Index System at Home and Abroad. Accounting Monthly, (10), 94-96.

Nankai University’s Corporate Governance Research Center Group. (2003). Research on China’s corporate governance evaluation system. Nankai Business Review, (6).

Niu, J. B., & Li, S. N. (2004). Evaluation of corporate governance rating. Finance Science, (2), 22-26.

Pei, W. W. (2001). Research on corporate governance evaluation system. Securities Market Herald.

Renders, A., Gaeremynck, A., & Sercu, P. (2010). Corporate-governance ratings and company performance: A cross-European study. Corporate Governance: An International Review, 18(2), 87-106.

Roberto, N., & Wilson, G. (2002). A premium for good governance. THE McKINSEY QUARTERLY, 3.

Standard & Poor’s Governance Services. (2004). Standard & Poor’s Corporate Governance Scores and Evaluations.

Themistokles Lazarides, Evaggelos Drimpetas.“Evaluating corporate governance and identifying its formulating factors: The case of Greece”. Corporate Governance: The International Journal of Effective Board Performance, 11(2), 136-148.

Wu, S. K., & Li, Y. G. (2003). Research on China’s Corporate Governance Evaluation System. China’s Soft Science, (5), 65-69.

Wu, X. L., & Chen, H. Y. (2012). Research overview of corporate governance evaluation. Science, Technology and Industry, (2), 100-103.

Yan, R. S. (2010). Insurance Corporate Governance Evaluation: Index System and Score Calculation Method. Insurance Research, (10), 44-53

Yu, X. Q., & Chen, J. (2010). Impact of corporate governance on corporate social responsibility information disclosure. Friends of Accounting, (2), 85-89.

Zhang, D. L. (2008). Review and re-evaluation of domestic and foreign corporate governance evaluation. Modern Business Trade Industry, (2), 24-25.

Zheng, Y., & Zhou, H. (2012). An intelligent text mining system applied to SEC documents. ACIS-ICIS, 155-160.

Zheng, Z. G. (2010). Recognition of corporate governance connotation. Financial Research, (8), 194.

Zhou, F. (2004). Discussion and exploration of corporate governance evaluation model. Sun Yat-Sen Graduate Journal (Socia; Sciences), (3).




DOI: http://dx.doi.org/10.3968/7159

Refbacks

  • There are currently no refbacks.


Copyright (c)



Share us to:   

Reminder

  • We are currently accepting submissions via email only.

    The registration and online submission functions have been disabled.

    Please send your manuscripts to mse@cscanada.net，or mse@cscanada.org  for consideration.

    We look forward to receiving your work.

 


We only use three mailboxes as follows to deal with issues about paper acceptance, payment and submission of electronic versions of our journals to databases:
caooc@hotmail.com; mse@cscanada.net; mse@cscanada.org

 Articles published in Management Science and Engineering are licensed under Creative Commons Attribution 4.0 (CC-BY).

 MANAGEMENT SCIENCE AND ENGINEERING Editorial Office

Address:1055 Rue Lucien-L'Allier, Unit #772, Montreal, QC H3G 3C4, Canada.

Telephone: 1-514-558 6138
Http://www.cscanada.net Http://www.cscanada.org

Copyright © 2010 Canadian Research & Development Centre of Sciences and Cultures