The Corporate Governance of Privately Controlled Brazilian Firms
We provide an overview of the corporate governance practices of Brazilian public companies, based primarily on an extensive 2005 survey of 116...
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How Useful are Commercial Corporate Governance Ratings in Emerging Markets?
A central issue in evaluating the effects of corporate governance (CG) is how to measure it. Some researchers measure firm-level CG using...
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Which Aspects of Corporate Governance Do and Do Not Matter in Emerging Markets
Well-constructed, country-specific “corporate governance indices” can predict higher firm values in emerging markets. However, there is...
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Methods for Multicountry Studies of Corporate Governance (and Evidence from the BRIKT Countries)
We discuss empirical challenges in multicountry studies of the effects of firm-level corporate governance on firm value, focusing on emerging...
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Regulatory Dualism as a Development Strategy: Corporate Reform in Brazil, the U.S., and the EU
Countries pursuing economic development confront a fundamental obstacle. Reforms that increase the size of the overall pie are blocked by powerful...
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Corporate Law in the Global South: Heterodox Stakeholderism
How do the corporate laws of Global South jurisdictions differ from their Global North counterparts? Prevailing stereotypes depict the corporate laws...
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Mandatory Arbitration of Intra-Corporate Disputes in Brazil: A Beacon of Light for Shareholder Litigation?
We survey law firms, firms and institutional investors to better understand their preferred method of intracorporate dispute resolution in Brazil....
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Building Enforcement Capacity for Brazilian Corporate and Securities Law
Brazil is one of the world’s largest emerging markets, with many opportunities for development. Persuading financiers to commit funds to Brazilian...
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What Matters and for Which Firms for Corporate Governance in Emerging Markets? Evidence from Brazil (and Other BRIK Countries)
A central issue in corporate governance research is the extent to which “good” governance practices are universal (one size mostly fits all) or...
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