Challenges in the Measuring of Comparative Corporate Governance: A Review of the Main Indices

RESEARCH METHODOLOGY IN STRATEGY AND MANAGEMENT, Vol. 7, Catherine L. Wang, David J. Ketchen, & Donald D. Bergh, eds., Emerald, Forthcoming

39 Pages Posted: 31 Jan 2012

See all articles by Ruth V. Aguilera

Ruth V. Aguilera

Northeastern University - Department of International Business and Strategy

Kurt A. Desender

Universidad Carlos III de Madrid

Date Written: January 27, 2012

Abstract

This paper discusses the role that indices of corporate governance have had in comparative corporate governance research. To do so, we begin with a short discussion of what corporate governance is and its main debates. Then, we review the main indices (which are also summarized in Table 1) highlighting their strengths and limitations as well as describing some of the findings that emanate from them. In section 3, we discuss the methodological and conceptual assumptions of corporate governance indices which may compromise their construct validity. We conclude in section 4 with some encouraging suggestions for key methodological and research design issues to take into account in future comparative corporate governance.

Suggested Citation

Aguilera, Ruth V. and Desender, Kurt A., Challenges in the Measuring of Comparative Corporate Governance: A Review of the Main Indices (January 27, 2012). RESEARCH METHODOLOGY IN STRATEGY AND MANAGEMENT, Vol. 7, Catherine L. Wang, David J. Ketchen, & Donald D. Bergh, eds., Emerald, Forthcoming, Available at SSRN: https://ssrn.com/abstract=1995615

Ruth V. Aguilera

Northeastern University - Department of International Business and Strategy ( email )

Boston, MA 02115
United States

Kurt A. Desender (Contact Author)

Universidad Carlos III de Madrid ( email )

Calle de Madrid, 123
Getafe, 28903
Spain

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