Internationalisation and Corporate Governance: Australian Evidence

38 Pages Posted: 10 Jul 2003

See all articles by I.C. Khoo

I.C. Khoo

Singapore Exchange Ltd.

Janice C. Y. How

Queensland University of Technology; Financial Research Network (FIRN)

Peter Verhoeven

Queensland University of Technology - QUT Business School; Financial Research Network (FIRN)

Hock Guan Ng

The University of Western Australia - Department of Accounting and Finance

Abstract

This study investigates the interdependencies between a firm's degree of internationalisation and the corporate governance structure adopted. It builds on the concept of bi-directional causality between corporate governance and the degree of internationalisation. That is, we propose that while a firm's degree of internationalisation may affect the governance mechanisms in place, robust governance structures may aid the firm's move toward internationalisation. This proposition is, however, not supported based on a sample of 61 Australian firms. Tests of unidirectional causality show that the degree of internationalisation has a significant effect on the proportion of independent non-executive directors with international experience.

Suggested Citation

Khoo, I.C. and How, Janice C. Y. and Verhoeven, Peter and Ng, Hock Guan, Internationalisation and Corporate Governance: Australian Evidence. Available at SSRN: https://ssrn.com/abstract=314119 or http://dx.doi.org/10.2139/ssrn.314119

I.C. Khoo

Singapore Exchange Ltd.

2 Shenton Way
#19-00 SGX Centre 1
Singapore 068804
Singapore

Janice C. Y. How

Queensland University of Technology ( email )

2 George Street
Brisbane, Queensland 4000
Australia

Financial Research Network (FIRN)

C/- University of Queensland Business School
St Lucia, 4071 Brisbane
Queensland
Australia

HOME PAGE: http://www.firn.org.au

Peter Verhoeven (Contact Author)

Queensland University of Technology - QUT Business School ( email )

GPO Box 2434
Brisbane, Queensland 4001
Australia

Financial Research Network (FIRN)

C/- University of Queensland Business School
St Lucia, 4071 Brisbane
Queensland
Australia

HOME PAGE: http://www.firn.org.au

Hock Guan Ng

The University of Western Australia - Department of Accounting and Finance ( email )

School of Business
35 Stirling Highway
Crawley, Western Australia 6009
Australia

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