Corporate Governance and Performance around the World : What We Know and What We Don't

The author surveys a vast body of literature devoted to evaluating the relationship between corporate governance and performance as measured by valuation, operating performance, or stock returns. Most of the evidence to date suggests a positive association between corporate governance and various me...

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Main Author:	Love, Inessa
Format:	Journal Article
Language:	en_US
Published:	World Bank 2013
Subjects:	corporate charters corporate governance country-level investor dividend dividend payout economic development emerging markets expropriation of minority shareholders external finance firm performance firm valuation firm-level corporate governance foreign ownership governance practices institutional environments investor protection market valuations ownership structure privatizations shareholders
Online Access:	http://hdl.handle.net/10986/13497

id	okr-10986-13497
recordtype	oai_dc
spelling	okr-10986-134972021-04-23T14:03:08Z Corporate Governance and Performance around the World : What We Know and What We Don't Love, Inessa corporate charters corporate governance country-level investor dividend dividend payout economic development emerging markets expropriation of minority shareholders external finance firm performance firm valuation firm-level corporate governance foreign ownership governance practices institutional environments investor protection market valuations ownership structure privatizations shareholders The author surveys a vast body of literature devoted to evaluating the relationship between corporate governance and performance as measured by valuation, operating performance, or stock returns. Most of the evidence to date suggests a positive association between corporate governance and various measures of performance. However, this line of research suffers from endogeneity problems that are difficult to resolve. There is no consensus yet on the nature of the endogeneity in governance–performance studies and in this survey the author proposes an approach to resolve it. The emerging conclusion is that corporate governance is likely to develop endogenously and depend on specific characteristics of the firm and its environment. 2013-05-21T17:08:13Z 2013-05-21T17:08:13Z 2011-07-02 Journal Article World Bank Research Observer 1564-6971 doi;10.1093/wbro/lkp030 http://hdl.handle.net/10986/13497 en_US World Bank Research Observer;26(1) CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo/ World Bank World Bank Journal Article
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	en_US
topic	corporate charters corporate governance country-level investor dividend dividend payout economic development emerging markets expropriation of minority shareholders external finance firm performance firm valuation firm-level corporate governance foreign ownership governance practices institutional environments investor protection market valuations ownership structure privatizations shareholders
spellingShingle	corporate charters corporate governance country-level investor dividend dividend payout economic development emerging markets expropriation of minority shareholders external finance firm performance firm valuation firm-level corporate governance foreign ownership governance practices institutional environments investor protection market valuations ownership structure privatizations shareholders Love, Inessa Corporate Governance and Performance around the World : What We Know and What We Don't
relation	World Bank Research Observer;26(1)
description	The author surveys a vast body of literature devoted to evaluating the relationship between corporate governance and performance as measured by valuation, operating performance, or stock returns. Most of the evidence to date suggests a positive association between corporate governance and various measures of performance. However, this line of research suffers from endogeneity problems that are difficult to resolve. There is no consensus yet on the nature of the endogeneity in governance–performance studies and in this survey the author proposes an approach to resolve it. The emerging conclusion is that corporate governance is likely to develop endogenously and depend on specific characteristics of the firm and its environment.
format	Journal Article
author	Love, Inessa
author_facet	Love, Inessa
author_sort	Love, Inessa
title	Corporate Governance and Performance around the World : What We Know and What We Don't
title_short	Corporate Governance and Performance around the World : What We Know and What We Don't
title_full	Corporate Governance and Performance around the World : What We Know and What We Don't
title_fullStr	Corporate Governance and Performance around the World : What We Know and What We Don't
title_full_unstemmed	Corporate Governance and Performance around the World : What We Know and What We Don't
title_sort	corporate governance and performance around the world : what we know and what we don't
publisher	World Bank
publishDate	2013
url	http://hdl.handle.net/10986/13497
_version_	1764423623074906112

Corporate Governance and Performance around the World : What We Know and What We Don't

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