The Influence of Equity Markets on Firm Financial Performance

Abstract

Purpose – This paper develops a discussion leading on from a paper relating the influence of capital markets combined with board structure/composition/committees and remuneration and corporate governance on the financial performance of a public listed corporation.Design/methodology/approach – This study entails common and codified law legal systems including; Australia, The United States of America and The United Kingdom, France, Germany and Italy. The data collected is from 350 public listed corporations from 2000 – 2006 for the development of multivariate regression models for parametric data.These developed models are constructed to test relationships between dependant and independent variables in line with research questions and hypotheses.Findings – The findings found that there were a mixture of results in unitary board structures in common and dual board structures codified law legal systems.Originality/value – The paper will be of vital importance to other academics looking at this question, and to both public and private sector entities.