PRELIMINARY DRAFT Cluster Governance

Preliminary draft: do not quote SOCIAL CAPITAL, SURVIVAL STRATEGIES AND THEIR IMPLICATIONS FOR POST-CONFLICT GOVERNANCE IN LIBERIA

Preliminary Draft DIFFERENTIATED CORPORATE GOVERNANCE STRUCTURES AND FIRM INVESTMENTS: THE EVIDENCE FROM EMERGING MARKETS

The quality of corporate governance has been shown to have wide-ranging implications, e.g., on the performances of stock markets and on exchange rates. This study investigates whether the quality of corporate governance impacts investment decisions made at the micro level of the firm. We focus our study on emerging markets since it has been known that they have widely varying standards of corpo...

Does Stronger Corporate Governance Improve Financial Reporting Quality? Evidence from a Regression Discontinuity Analysis of Shareholder-Sponsored Governance Proposals

This study examines whether stronger corporate governance leads to higher quality financial reporting. We use a regression discontinuity method to analyze the effect on financial reporting quality of shareholder-sponsored governance proposals that pass or fail by a small margin of votes in annual meetings. This empirical strategy allows us to overcome the endogeneity problem of governance mecha...

Does Better Corporate Governance Improve Financial Reporting Quality? Evidence from a Regression Discontinuity Analysis of Shareholder-Sponsored Governance Proposals

This study examines whether improvements in corporate governance lead to higher quality financial reporting. We use a regression discontinuity method to analyze the effect on financial reporting quality of shareholder-sponsored governance proposals that pass or fail by a small margin of votes in annual meetings. This empirical strategy allows us to overcome the endogeneity problem of governance...

1 Preliminary Draft Corporate Governance Systems and Restructuring : the Lessons from the Transition Experience

This paper attempts to draw a synthetic picture of corporate governance in transition with emphasis on the efficiency implications of corporate governance, taking into account a) the heterogeneity of managerial skills, b) the diversity of restructuring tasks and financial situations of firms and c) political constraints. The focus is on the efficiency effects generated by the different kinds of...