Relationship between Corporate Governance & Company Performance of Hong Kong Based & China Based Family-Controlled Property Development Companies

Chun Cheong Steve Fong ()
Additional contact information
Chun Cheong Steve Fong: Macao Polytechnic Institute

No 5607197, Proceedings of Business and Management Conferences from International Institute of Social and Economic Sciences

Abstract: This study is to investigate the relationship between Corporate Governance (CG) disclosure and financial performance of both Hong Kong based and China based family-controlled property development companies listed on Hong Kong Stock Exchange. 10 leading companies with the largest market capitalization are studied in each category. Evaluation of the quality of CG disclosure is conducted through a checklist of mandatory and recommended disclosures developed with reference to the Hong Kong Listing Rules about CG disclosure and financial information, the Best Practice Guidance of CG disclosure provided by Hong Kong Institute of Certified Public Accountants (formerly Hong Kong Society of Accountants), and the information about the specific performance evaluation indicator in the property development companies. It is found that there is a positive relationship between CG disclosure and financial performance in Hong Kong based companies, especially operating profit margin and net profit margin. This study provides evidence to support the relationship between CG disclosure and financial performance.

Keywords: Corporate Governance; financial performance; Hong Kong property industry (search for similar items in EconPapers)
JEL-codes: M41 O53 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2017-07
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published in Proceedings of the Proceedings of the 6th Business & Management Conference, Geneva, Jul 2017, pages 72-96

Downloads: (external link)
https://iises.net/proceedings/6th-business-managem ... =56&iid=007&rid=7197 First version, 2017

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sek:ibmpro:5607197

Access Statistics for this paper

More papers in Proceedings of Business and Management Conferences from International Institute of Social and Economic Sciences
Bibliographic data for series maintained by Klara Cermakova ().