TY  - BOOK
AU  - Pham,Peter Kien
AU  - Suchard,Jo-Ann
AU  - Zein,Jason
TI  - Corporate governance and alternative performance measures: evidence from Australian firms
SN  - 03128962
AV  - HD31 AUS 
PY  - 2011///
CY  - Los Angeles
PB  - Sage
KW  - Corporate governance
KW  - Performance
KW  - Australia
N2  - We examine the extent to which individual monitoring mechanisms enhance firm performance and shareholder value. We use a sample of Australian firms, from 1994 to 2003, to analyse the relationship between firm performance and corporate governance. This provides a long time series of governance data by international standards and allows us to study governance–performance dynamics over an extensive period. We use Stern Stewart & Co’s economic value added (EVA) as an alternative performance measure and provide a comparison to Tobin’s Q. However, similar to the international evidence, we do not find a significant relationship between either of the performance measures and corporate governance. Using various econometric techniques we show that our results are also robust to endogeneity biases that can arise in the governance–performance relation
UR  - https://doi.org/10.1177/0312896211413035
ER  -