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Corporate governance influencing compliance with the Swedish Code of Corporate Governance
Linköping University, Department of Management and Engineering, Business Administration. Linköping University, Faculty of Arts and Sciences.
2015 (English)In: International Journal of Disclosure & Governance, ISSN 1741-3591, E-ISSN 1746-6539, Vol. 13, no 3, 262-277 p.Article in journal (Refereed) Published
Abstract [en]

A code of corporate governance was introduced in Sweden in 2005. Although the code is mandatory, a company is allowed to override specific rules if it openly discloses the deviation and explains why it does not comply. The aim of this study is to explain how the governance structure, operationalized as the ownership structure, the board and the auditor, affects companies’ propensity to deviate from the Swedish Code. The empirical data in this study are based on the 2010 annual reports from 193 companies listed on the Stockholm Stock Exchange and data from the Swedish Corporate Governance Board. The findings show that concentrated ownership, smaller boards with directors with long tenure, and audit firms with a high proportion of employees compared to partners, increase the likelihood of deviance.

Place, publisher, year, edition, pages
2015. Vol. 13, no 3, 262-277 p.
Keyword [en]
audit firm, board of directors, code of corporate governance, compliance, ownership concentration
National Category
Business Administration Economic History
URN: urn:nbn:se:liu:diva-122559DOI: 10.1057/jdg.2015.15OAI: diva2:868033
Torsten Söderbergs stiftelse
Available from: 2015-11-09 Created: 2015-11-09 Last updated: 2016-08-17

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