An Applied Econometricians' View of Empirical Corporate Governance Studies

34 Pages Posted: 9 Nov 2003

See all articles by Jens F. Koke

Jens F. Koke

Allianz Group

Axel H. Börsch-Supan

Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA)

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Date Written: April 2000

Abstract

The economic analysis of corporate governance is en vogue. In addition to a host of theoretical papers, an increasing number of empirical studies analyze how ownership structure, capital structure, the structure of the board and the market for corporate control influence firm performance. This is not an easy task, and indeed, for reasons explained in this survey, empirical studies on corporate governance have more than the usual share of econometric problems. Aim of this paper is a critical survey of the recent empirical literature on corporate governance - in order to show which methodological lessons can be learned for future empirical research in the field of corporate governance, paying particular attention to German institutions and data availability.

Keywords: Corporate governance

JEL Classification: G30

Suggested Citation

Koke, Jens F. and Börsch-Supan, Axel H., An Applied Econometricians' View of Empirical Corporate Governance Studies (April 2000). ZEW Discussion Paper No. 00-17, Available at SSRN: https://ssrn.com/abstract=373383 or http://dx.doi.org/10.2139/ssrn.373383

Jens F. Koke

Allianz Group ( email )

Denmark

Axel H. Börsch-Supan (Contact Author)

Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA) ( email )

Amalienstrasse 33
Munich, 80799
Germany

HOME PAGE: http://www.mea.mpisoc.mpg.de

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