black, love, and rachinsky - 2005 - corporate governance indices and firms'' market values - time series evidence from russia [rcgi]

incomplete contracts and corporate governance theory and evidence---case studies on chinese banking and u.s. franchising

... specifically, the sample assigns only a weight of 1/3 to Asian banks. Incomplete Contracts and Corporate Governance: Theory and Evidence Case Studies on Chinese Banking and U.S. Franchising ... because a clear definition of incomplete contracts has not been agreed upon yet. One popular view is that incomplete contract theorists restrict the class of contracts they consider to an ad hoc ... of complete contracts which is closely related to the theory of implementation or mechanism design, the incomplete contracts approach pioneered by Grossman and Hart (1986) and Hart and Moore...

adaptation and convergence in corporate governance to international norms in pakistan

... the adaptation and convergence in corporate governance to international norms in Pakistan. Pakistan is an underdeveloped but an emerging market with inefficient legal, regulatory, judicial, institutional ... seeks to identify corporate governance issues in Pakistan, and discusses analytically the possibility and effectiveness of convergence in corporate governance to international norms in Pakistan. ... financial institutions in Pakistan 80 3.7.3.2 Adoption of international standards 85 3.7.3.3 The role of international investors 87 3.7.3.4 Institutional investors and corporate governance...

black et al - 2012 - how corporate governance affects firm value - evidence on channels from korea [kcgi]

... with only cross-sectional data, and report evidence of (i) a governance- to -value association between KCGI and firm market value, and (ii) likely causation for large firms, using the large firm ... markets provides evidence that better corporate governance predicts higher firm market value, but little evidence on the channels through which governance affects market value. We first show ... connection between firm- level corporate governance and market value, using panel data from 199 8-2 004 with firm fixed and random effects. We construct a broad corporate governance index (Korea Corporate...

love and rachinsky - 2007 - corporate governance, ownership and bank performance in emerging markets - evidence from russia and ukraine [rcgi]

... Corporate Governance, Ownership and Bank Performance in Emerging Markets: Evidence from Russia and Ukraine. * Inessa Love Development Research Group The World Bank Andrei Rachinsky ... 50 in Russia and 47 in Ukraine, the average Herfindahl index is 0.32 in Russia and 0.28 in Ukraine. 3 The survey included information on 8 ownership categories: 7 5-1 00, 5 0-7 4.0, 2 5-4 9.9, ... with financial data collected from Russia and Ukraine reporting agencies. Russia and Ukraine present interesting case studies of banking sector and the issue of corporate governance in particular....

silva and leal - 2005 - corporate governance index, firm valuation and performance in brazil [bcgi]

... of the ﬁrms in Brazil. 12 Corporate Governance Index, Firm Valuation and Performance in Brazil Table 4 Corporate governance index descriptive statistics2002 2001 2000 1999 1998Financial reports ... of interest between large and small2 Corporate Governance Index, Firm Valuation and Performance in Brazil shareholders. When large investors control a corporation, their policies may result in ... database,which contains ﬁnancial statements and time series data of companies for the mainLatin American countries.4 Corporate Governance Index, Firm Valuation and Performance in Brazil The CGI...

thang nguyen ngoc - 2011 - corporate governance and its impact on the performance of firms in emerging countries - the evidence from vietnam [cg]

... VNUJournal of Science,Econom ics and Business27,No.5E (2011) 12‐19 12 Corporate governance and its impact on the performance of firms in emerging countries: The evidence from Vietnam Dr. Nguyen ... 13 of the stock market and a transparent economy in Vietnam. In the light of the both domestic and international attention paid to good corporate governance and its impact on firm performance, ... 2000 and its later unification with the Law on Domestic Investment in 2005; (ii) The Law on Enterprises in 1999, and its replacement in 2005; (iii) The Law on the State Bank in 1997 and the...

davidson et al - 2005 - internal governance structures and earnings management

... endogenous to the internal governance mechanisms we examine.CAFAANZ, 2005 244 R. Davidson et al. / Accounting and Finance 45 (2005) 241–2672.2. Internal governance structureThe internal governance ... governance and risk management. CAFAANZ, 2005 R. Davidson et al. / Accounting and Finance 45 (2005) 241–267 243Our principal tests, using absolute discretionary accruals to measure earnings man-agement, ... relation-ships between audit committee characteristics and earnings management (Chtourou et al. , 2001; Xie et al. , 2001; Klein, 2002a).The examination of the association between internal governance...

arcay and vázquez - 2005 - corporate characteristics, governance rules and the extent of voluntary disclosure in spain

... for the following regres-sions24: GOVERNANCE - CHAIRMAN GOVERNANCE - SIZEBINDUSTRY - GOVERNANCE INDUSTRY - INDEXLASSETS - GOVERNANCE LISTING - INDEXLOWNERSHIP - INDEXLOWNERSHIP 2 LISTINGLOWNERSHIP ... structure and disclosure is ex-plained by the in uence exercised by the dispersion of ownership on the adoption of rules of good governance that, in the end, strengthens the dis-closure policy of the ... practices in enhancing corporate disclosure, (2) by examining the role of majorityshareholders in the adoption of practices of good governance, and (3) byanalysing the direct and indirect effects of...

love and rachinsky - 2007 - corporate governance, ownership and bank performance in emerging markets - evidence from russia and ukraine [rcgi]

silva and leal - 2005 - corporate governance index, firm valuation and performance in brazil [bcgi]

thang nguyen ngoc - 2011 - corporate governance and its impact on the performance of firms in emerging countries - the evidence from vietnam [cg]

black, love, and rachinsky - 2005 - corporate governance indices and firms' market values - time series evidence from russia [rcgi]

... Moscow 117418, Russia Tel: (+7) 09 5-1 0 5-5 0-0 2, fax: (+7) 09 5-1 0 5-5 0-0 3, e-mail: arachinsky@cefir.ru 11. Introduction There is evidence that broad measures of firm-level corporate governance ... 2 Corporate Governance and Firms' Market Values: Time Series Evidence from Russia + BERNARD S. BLACK* University of Texas at Austin INESSA LOVE** The World Bank ANDREI RACHINSKY *** ... 1 Corporate Governance and Firms' Market Values: Time Series Evidence from Russia BERNARD S. BLACK University of Texas at Austin INESSA LOVE The World Bank ANDREI RACHINSKY...

becht et al - 2005 - corporate governance and control

... theoretical and empirical research on the main mechanisms of corporate control, discuss the main legal and regulatory institutions in different countries, and examine the comparative corporate governance ... declining market for corporate control and scattered institutional investor votes. 2/122 2. Historical origins: a brief sketch The term corporate governance derives from an analogy between the ... like Switzerland, the Netherlands and Luxembourg. Institutional investors in the USA alone command slightly more than 50% of the total assets under management and 59.7% of total equity investment...

brennan and solomon - 2008 - corporate governance, accountability and mechanisms of accountability - an overview

... GUEST EDITORIAL Corporate governance, accountability and mechanisms of accountability: an overview Niamh M. Brennan University College Dublin, Ireland, and Jill Solomon University of Cardiff, Wales, ... the interests of management and shareholders, and with mechanisms of accountability such as auditcommittees, internal audit and risk management as assurances of the quality of ﬁnancial reporting. ... frontiers of context and global reach in corporate governance research.By exploring mechanisms of accountability and governance in mediaeval England,Jones (2008) extends the extant work in corporate...

Corporate governance and its impact on the performance of firms in emerging countries The evidence from Vietnam

... VNU Journal of Science, Economics and Business 27, No. 5E (2011) 12-19 12 Corporate governance and its impact on the performance of firms in emerging countries: The evidence from Vietnam Dr. ... 13 of the stock market and a transparent economy in Vietnam. In the light of the both domestic and international attention paid to good corporate governance and its impact on firm performance, ... on the State Bank of Vietnam 2010; and the new Law on Credit Institutions, 2010; (iv) The Law on Insurance Business in 2000; (v) The Competition Law in 2004; (vi) The Law on Securities in...

Xem thêm