Challenges in the Measuring of Comparative Corporate Governance: A Review of the Main Indices
Ruth V. Aguilera
University of Illinois College of Law; University of Illinois at Urbana-Champaign - Department of Business Administration
Kurt A. Desender
Universidad Carlos III de Madrid
January 27, 2012
RESEARCH METHODOLOGY IN STRATEGY AND MANAGEMENT, Vol. 7, Catherine L. Wang, David J. Ketchen, & Donald D. Bergh, eds., Emerald, Forthcoming
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.
Number of Pages in PDF File: 39Accepted Paper Series
Date posted: January 31, 2012
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