Wharton-SMU Research Center

In-House Seminar

Guest Speaker:

Scott Richardson
Assistant Professor of Accounting, The Wharton School, University of Pennsylvania.

Date & Venue:
Date: 30 May 2005, Monday
Time: 4.00pm-5.45pm
Venue: Accountancy Building, Level 6, Seminar Room 4,
Singapore Management University
469 Bukit Timah Road, Singapore 259756
(Location Map)

Topic:
How Important Is Corporate Governance?

About the Seminar:
We examine the relation between a broad set of corporate governance indicators and various measures of managerial decision making and organizational performance. Using
a sample of 2,106 firms, we distill 39 structural measures of corporate governance (e.g., board characteristics, stock ownership, institutional ownership, activist stock ownership, existence of debt-holders, mix of executive compensation, and anti-takeover variables) into 14 governance constructs using principal components analysis. We find that these 14 constructs are related to future operating performance, have a somewhat mixed
association with abnormal accruals, Tobin’s Q, and future excess stock returns, and little relation to class action lawsuit and accounting restatements.

Registration:
This seminar is free. Please register early. (Admission on a first-come-first-served basis.)
For registration, please click here

Enquiries:
Ms. Lim Lih Yeng
Email: lylim@smu.edu.sg, Tel: 6822-0197
Ms. Priscilla Cheng
Email: priscillacheng@smu.edu.sg, Tel: 6822-0383