Citation
Kwan, Jing-Hui and Lau, Wee-Yeap (2011) A review of regulatory enforcement, corporate governance and market reactions. African Journal of Business Management, 5 (35). pp. 13510-13516. ISSN 1993-8233
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Abstract
The past decades witnessed the massive growth of literature on corporate governance. Various perspectives of corporate governance mechanisms were widely documented. However, studies on corporate governance from the regulatory perspective receive relatively little attention. Majority review papers focus largely on internal and external corporate governance mechanism literatures. This paper intends to give an overview on the literatures on the second generation of corporate governance research as suggested by Denis and McConnell. Literatures on legal and regulatory mechanism are reviewed. In addition, this paper highlighted the roles and importance of regulatory investor protection, regulatory enforcement and compliance behavior. The consequences of corporate misconduct and stock market reactions followed by identification of research gap and suggestions for future research are discussed.
Item Type: | Article |
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Subjects: | H Social Sciences > HG Finance |
Divisions: | Faculty of Management (FOM) |
Depositing User: | Ms Rosnani Abd Wahab |
Date Deposited: | 14 Feb 2014 02:13 |
Last Modified: | 14 Feb 2014 02:13 |
URII: | http://shdl.mmu.edu.my/id/eprint/5193 |
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