International Corporate Governance
We survey two generations of research on corporate governance systems around the world, concentrating on countries other than the United States. The...
Read moreWe survey two generations of research on corporate governance systems around the world, concentrating on countries other than the United States. The...
Read moreUsing a sample of over 9,000 buyback announcements from 31 non-U.S. countries, we find support for the results of studies based on U.S. data: on average,...
Read moreConvergence in corporate governance has been debated for more than 20 years. This paper seeks to explain convergence – and the lack thereof – in...
Read moreHistorically, the evolution and growth of American corporate law has occurred with only limited and sporadic attention to international corporate...
Read moreShareholders have long complained that top executives are overpaid by corporate directors irrespective of their performance. Largely powerless to...
Read moreWe study tax and non-tax incentives for corporate inversions in a hand-collected dataset of 691 inversions out of 11 home countries into 45 host...
Read moreA widely accepted principle in finance is that good corporate governance is associated with higher firm value. However, what is “good governance”...
Read moreWe construct a firm-level governance index that increases with minority shareholder protection. Compared to U.S. matching firms, only 12.68% of...
Read moreThis paper develops and tests a model of how country characteristics, such as legal protections for minority investors and the level of economic and...
Read moreCorporate customers are an important stakeholder in global supply chains. We employ several unique international databases to test whether socially...
Read moreStock-market effectiveness in attracting and retaining firms under public ownership depends not only on stand-alone firms' net listing benefits but...
Read more