Corporate Governance and Company Performance: Evidence from Greece

Hermes, Niels; Katsigianni, Vasiliki

doi:10.2139/ssrn.1980331

Abstract

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Corporate Governance and Company Performance: Evidence from Greece

Niels Hermes

University of Groningen - Faculty of Economics and Business

affiliation not provided to SSRN

January 6, 2011

Abstract:
We investigate whether differences of corporate governance practices across companies explain variations in performance. Using data from 124 firms listed on the Athens stock exchange for the year 2007 we construct an index measuring company-specific corporate governance. Based on simple OLS and 2SLS analysis, we find that better governed companies show higher performance, measured by company valuation (Tobin’s Q) and operating performance (ROA), using data for 2004-2007. In addition, we show that some aspects of corporate governance are more important than other ones.

Number of Pages in PDF File: 46

Keywords: corporate governance, firm performance, Greece

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Date posted: January 6, 2012

Suggested Citation

Hermes, Niels and Katsigianni, Vasiliki, Corporate Governance and Company Performance: Evidence from Greece (January 6, 2011). Available at SSRN: http://ssrn.com/abstract=1980331 or http://dx.doi.org/10.2139/ssrn.1980331

Contact Information

Niels Hermes (Contact Author) University of Groningen - Faculty of Economics and Business ( email ) Postbus 72 9700 AB Groningen Netherlands
Vasiliki Katsigianni affiliation not provided to SSRN ( email )

Abstract

References (50)

Corporate Governance and Company Performance: Evidence from Greece

Niels Hermes

Vasiliki Katsigianni

Date posted: January 6, 2012

Suggested Citation

Contact Information

Niels Hermes (Contact Author)

Vasiliki Katsigianni