Evaluating Corporate Governance: Guiding Principles and Calls for Future Research
基于对29位美国上市公司首席审计执行官的访谈，提出公司如何正式评估其整体内部治理系统的指导原则，这些原则可适应多种治理目标并利用现有框架。
SYNOPSIS Prior research finds that companies’ evaluation of corporate governance is often piecemeal and symbolic, leaving companies vulnerable to systematic risks associated with governance failures. In this paper, we use interview data from 29 chief audit executives (CAEs) from publicly traded companies in the U.S. to propose guiding principles for how companies can formally evaluate their overall internal corporate governance systems. Our guiding principles can be adapted for a variety of governance-related objectives and leverage existing frameworks. We conclude by offering suggestions for future research. JEL Classifications: G34; M42.