CORPORATE GOVERNANCE COMMUNICATION AND VALUE CREATION

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Abstract

Corporate scandals and the ongoing economic crisis have heightened academic and practitioner interest into corporate governance. Resulting corporate governance codes and related legislative developments place increasing emphasis on what companies should communicate on their governance arrangements. But whether and how corporate governance communications add value to companies remains a subject of debate. To shed light on these questions, we review two hitherto unconnected and parallel literatures from accounting and finance, and corporate communications research respectively. We develop a multi-dimensional model of corporate governance communications to explain the contingent conditions that can lead to value creation.

Keywords: Value Creation, Corporate Governance, Corporate Scandals

How to cite this paper: Machold, S., & Price, M.(2013). Corporate governance communication and value creation. Corporate Ownership & Control, 11(1-4), 394-405. https://doi.org/10.22495/cocv11i1c4art4