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Taking Stock of Research on Codes of Good GovernanceRuth V. AguileraUniversity of Illinois College of Law; University of Illinois at Urbana-Champaign - Department of Business Administration Alvaro Cuervo-CazurraNortheastern University Soyoung Kimaffiliation not provided to SSRN February 28, 2011 Abstract: This chapter reviews the literature of codes of good corporate governance, the set of best practice recommendations regarding the behavior and structure of board of directors of a firm. The review shows that a lot of research progress has been made in recent years, but there are still large gaps in knowledge. That is, although there is a good understanding of the diffusion of codes of good governance around the globe and of the different determinants of this diffusion, there is need for more research on the specific contents of the codes, and of whether codes of good governance are an appropriate tool to improve corporate governance practices.
Number of Pages in PDF File: 29 Keywords: codes of good governance, corporate governance, board of directors working papers seriesDate posted: February 28, 2011Suggested CitationContact Information
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