International Corporate Governance
Diane K. Denis
University of Pittsburgh - Katz School of Business
John J. McConnell
ECGI - Finance Working Paper No. 05/2003; and Tuck-JQFA Contemporary Corporate Governance Issues II Conference
We survey two generations of research on corporate governance systems around the world, concentrating on countries other than the United States. The first generation of international corporate governance research is patterned after the US reasearch that precedes it. These studies examine individual governance mechanisms - particularly board composition and equity ownership - in individual countries. The second generation of international corporate governance research recognizes the fundamental impact of differing legal sysems on the structure and effectiveness of corporate governance and compares systems across countries.
Number of Pages in PDF File: 62
Keywords: corporate governance, ownership, control, takeovers, block holders, boards, investor protection
JEL Classification: F02, G32, G34, G38, K22
Date posted: July 30, 2002
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