black, love, and rachinsky - 2005 - corporate governance indices and firms'' market values - time series evidence from russia [rcgi]

... specifically, the sample assigns only a weight of 1/3 to Asian banks. Incomplete Contracts and Corporate Governance: Theory and Evidence Case Studies on Chinese Banking and U.S. Franchising ... because a clear definition of incomplete contracts has not been agreed upon yet. One popular view is that incomplete contract theorists restrict the clas...

Ngày tải lên: 03/06/2014, 02:02

... the adaptation and convergence in corporate governance to international norms in Pakistan. Pakistan is an underdeveloped but an emerging market with inefficient legal, regulatory, judicial, institutional ... seeks to identify corporate governance issues in Pakistan, and discusses analytically the possibility and effectiveness of convergence in corpor...

Ngày tải lên: 22/12/2014, 16:48

... with only cross-sectional data, and report evidence of (i) a governance- to -value association between KCGI and firm market value, and (ii) likely causation for large firms, using the large firm ... markets provides evidence that better corporate governance predicts higher firm market value, but little evidence on the channels through which governance affects mar...

Ngày tải lên: 02/01/2015, 17:32

... Corporate Governance, Ownership and Bank Performance in Emerging Markets: Evidence from Russia and Ukraine. * Inessa Love Development Research Group The World Bank Andrei Rachinsky ... 50 in Russia and 47 in Ukraine, the average Herfindahl index is 0.32 in Russia and 0.28 in Ukraine. 3 The survey included information on 8...

Ngày tải lên: 02/01/2015, 17:33

... of the firms in Brazil. 12 Corporate Governance Index, Firm Valuation and Performance in Brazil Table 4 Corporate governance index descriptive statistics 2002 2001 2000 1999 1998 Financial reports ... of interest between large and small 2 Corporate Governance Index, Firm Valuation and Performance in Brazil shareholders. When large investors control...

Ngày tải lên: 02/01/2015, 17:33

... VNUJournal of Science,Econom ics and Business27,No.5E (2011) 12‐19 12 Corporate governance and its impact on the performance of firms in emerging countries: The evidence from Vietnam Dr. Nguyen ... 13 of the stock market and a transparent economy in Vietnam. In the light of the both domestic and international attention paid to...

Ngày tải lên: 02/01/2015, 17:33

... endogenous to the internal governance mechanisms we examine. C  AFAANZ, 2005 244 R. Davidson et al. / Accounting and Finance 45 (2005) 241–267 2.2. Internal governance structure The internal governance ... governance and risk management. C  AFAANZ, 2005 R. Davidson et al. / Accounting and Finance 45 (2005) 241–267 243 Our principal tests, using absolute d...

Ngày tải lên: 02/01/2015, 17:34

... for the following regres- sions 24 : GOVERNANCE - CHAIRMAN GOVERNANCE - SIZEB INDUSTRY - GOVERNANCE INDUSTRY - INDEX LASSETS - GOVERNANCE LISTING - INDEX LOWNERSHIP - INDEX LOWNERSHIP 2 LISTING LOWNERSHIP ... structure and disclosure is ex- plained by the in uence exercised by the dispersion of ownership on the adoption of rules of good...

Ngày tải lên: 06/01/2015, 19:46

... Corporate Governance, Ownership and Bank Performance in Emerging Markets: Evidence from Russia and Ukraine. * Inessa Love Development Research Group The World Bank Andrei Rachinsky ... 50 in Russia and 47 in Ukraine, the average Herfindahl index is 0.32 in Russia and 0.28 in Ukraine. 3 The survey included information on 8...

Ngày tải lên: 06/01/2015, 19:47

... of the firms in Brazil. 12 Corporate Governance Index, Firm Valuation and Performance in Brazil Table 4 Corporate governance index descriptive statistics 2002 2001 2000 1999 1998 Financial reports ... of interest between large and small 2 Corporate Governance Index, Firm Valuation and Performance in Brazil shareholders. When large investors control...

Ngày tải lên: 06/01/2015, 19:47

... VNUJournal of Science,Econom ics and Business27,No.5E (2011) 12‐19 12 Corporate governance and its impact on the performance of firms in emerging countries: The evidence from Vietnam Dr. Nguyen ... 13 of the stock market and a transparent economy in Vietnam. In the light of the both domestic and international attention paid to...

Ngày tải lên: 06/01/2015, 19:47

... Moscow 117418, Russia Tel: (+7) 09 5-1 0 5-5 0-0 2, fax: (+7) 09 5-1 0 5-5 0-0 3, e- mail: arachinsky@cefir.ru 1 1. Introduction There is evidence that broad measures of firm-level corporate governance ... 2 Corporate Governance and Firms' Market Values: Time Series Evidence from Russia + BERNARD S. BLACK * University of Texas at Austin I...

Ngày tải lên: 06/01/2015, 19:48

... theoretical and empirical research on the main mechanisms of corporate control, discuss the main legal and regulatory institutions in different countries, and examine the comparative corporate governance ... declining market for corporate control and scattered institutional investor votes. 2/122 2. Historical origins: a brief sketch The term corporate governance de...

Ngày tải lên: 06/01/2015, 19:49

... GUEST EDITORIAL Corporate governance, accountability and mechanisms of accountability: an overview Niamh M. Brennan University College Dublin, Ireland, and Jill Solomon University of Cardiff, Wales, ... the interests of management and shareholders, and with mechanisms of accountability such as audit committees, internal audit and risk management as assur...

Ngày tải lên: 06/01/2015, 19:49

... VNU Journal of Science, Economics and Business 27, No. 5E (2011) 12-19 12 Corporate governance and its impact on the performance of firms in emerging countries: The evidence from Vietnam Dr. ... 13 of the stock market and a transparent economy in Vietnam. In the light of the both domestic and international attention paid to good cor...

Ngày tải lên: 26/03/2015, 08:42