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International Corporate Governance

62 Pages Posted: 30 Jul 2002  

Diane K. Denis

University of Pittsburgh - Katz School of Business

John J. McConnell

Purdue University

Date Written: January 2003


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.

Keywords: corporate governance, ownership, control, takeovers, block holders, boards, investor protection

JEL Classification: F02, G32, G34, G38, K22

Suggested Citation

Denis, Diane K. and McConnell, John J., International Corporate Governance (January 2003). ECGI - Finance Working Paper No. 05/2003; and Tuck-JQFA Contemporary Corporate Governance Issues II Conference. Available at SSRN: or

Diane Denis (Contact Author)

University of Pittsburgh - Katz School of Business ( email )

368B Mervis Hall
Pittsburgh, PA 15260
United States
412-624-0296 (Phone)

John McConnell

Purdue University ( email )

403 West State St.
West Lafayette, IN 47907-2056
United States
765-494-5910 (Phone)
765-494-7863 (Fax)

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