Corporate Governance and International Trade

40 Pages Posted: 15 Mar 2012 Last revised: 3 Oct 2015

See all articles by Mario Daniele Amore

Mario Daniele Amore

Bocconi University - Department of Management and Technology

Alminas Zaldokas

Hong Kong University of Science & Technology (HKUST) - Department of Finance

Date Written: February 21, 2015

Abstract

We investigate how corporate governance affects the ability of firms to compete in international markets. Our empirical analysis draws on a variety of methods, including instrumental variable regressions, natural experiments and event studies. We find that firms subject to worse corporate governance are hurt more by the increase in foreign competition, especially so if they are less productive, located closer to foreign competitors, and face higher financial constraints.

Keywords: Corporate governance, free trade agreement, competition, performance

JEL Classification: G34, L10, M10, F14

Suggested Citation

Amore, Mario Daniele and Zaldokas, Alminas, Corporate Governance and International Trade (February 21, 2015). Available at SSRN: https://ssrn.com/abstract=2022211 or http://dx.doi.org/10.2139/ssrn.2022211

Mario Daniele Amore

Bocconi University - Department of Management and Technology ( email )

Via Roentgen 1
Milan, MI 20136
Italy

Alminas Zaldokas (Contact Author)

Hong Kong University of Science & Technology (HKUST) - Department of Finance ( email )

Clear Water Bay, Kowloon
Hong Kong

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