The Czech and Slovak Republics' mass privatization scheme used voucher points distributed to the population and a competitive bidding process to change the governance of a large number of firms. Voucher prices and following secondary market prices are shown to depend upon the resulting ownership ...
Corporate governance and equity prices: Are results robust to industry adjustments Yes. Industries and governance both contributed to equity prices during the 1990s. To distinguish between these competing effects, we evaluate industry-adjusted returns on a portfolio that is designed to capture differences...
用手机看文档 下载 开通VIP CORPORATE GOVERNANCE AND EQUITY PRICES [Quarterly Journal of Economics 118(1), February 2003, 107-155] Paul A. Gompers Harvard Business School Harvard University and NBER Joy L. Ishii Department of Economics Harvard University Andrew Metrick Department of Finance, The Wha...
Corporate GovernanceTechnologyInnovationThis paper investigates agency problems in a knowledge economy. I examine the classical, yet to date surprisingly untested, "governance-knowledge complementarity" hypothesis: technological knowledge increases the value of good governance since more informed boards of ...
M. (2011). Corporate governance, product market competition, and equity prices. Journal of Finance, 66 , 563–600.Giroud, Xavier; Mueller, Holger; 2008, "Corporate Governance, Product Market Competition, and Equity Prices," ECGI - Finance Working Paper No. 219, European Corporate Governance ...
Corporate GovernanceLegal ReformsMalaysiaThis paper examines the relationship between the changes in corporate governance legal system and equity prices in the Kuala Lumpur Stock Exchange (KLSE) in Maldoi:10.2139/ssrn.2026070Ooi, GraceVisaltanachoti, Nuttawat...
There is considerable cross-country variation in corporate governance laws pro-tecting outside investors. Studies have shown that weaker protection of outside investors is associated with higher average equity returns and return volatility, particularly in emerging markets. Moreover, Johnson et al. (20...
Through this study we intend to make a contribution to the academic literature on the unsettled issue concerning the relationship between corporate governance and corporate performance. The empirical results proved a significant relationship between non-executive directors’ basic fee, fees paid in shares...
Corporate governance has become a subject of active academic and policy debate throughout the world. In the UK and US, there is much discussion of the deficiencies of the market system in delivering effective governance. In continental Europe, there is a concern that existing systems of governance...
Corporate Governance and Firm Valuation Gompers et al. [Gompers, P., Ishii, J., Metrick, A., 2003. Corporate governance and equity prices. Quarterly Journal of Economics 118, 107鈥 155] created G-... LD Brown,ML Caylor - Journal of Accounting and Public Policy 被引量: 1063发表: 2005...