Corporate Governance And Regulation : Can There Be Too Much of A Good Thing ?

Corporate Governance And Regulation : Can There Be Too Much of A Good Thing ? / Bruno, Valentina G

For a large number of companies from different countries, the authors analyze how company corporate governance practices and country regulatory regimes interact in terms of company valuation. They confirm that corporate governance plays a crucial role in efficient company monitoring and shareholder...

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Bibliographic Details
Main Authors:Bruno, Valentina G.
Other Authors:Claessens, Stijn, 1959-
Format: Online-Resource
Language:English
Published:Washington, D.C : The World Bank, 2007
Subjects:
Capital Markets
Company Behavior
Corporate Governance
Corporate Governance Regime
Corporate Law
Debt Markets
Economic Policy, Institutions and Governance
Emerging Markets
Exchange
External Financing
Finance and Financial Sector Development
Financial Markets
Governance
Governance Indicators
Governance Measures
Governance Practice
Governance and Financial Sector
Law and Development
Macroeconomics and Economic Growth
Microfinance
National Governance
Private Sector Development
Public Sector Development
Small Sector
Online Access:URL des Erstveröffentlichers
Details
Summary:For a large number of companies from different countries, the authors analyze how company corporate governance practices and country regulatory regimes interact in terms of company valuation. They confirm that corporate governance plays a crucial role in efficient company monitoring and shareholder protection, and consequently positively impacts valuation. They find substitution in valuation impact between corporate governance measures at the company and country level, with a possibility of over-regulation. Corporate governance appears more valuable for companies that rely heavily on external financing, consistent with the hypothesis that the main role of corporate governance is to protect external financiers
Item Description:Weitere Ausgabe: Bruno, Valentina G: Corporate Governance And Regulation
Physical Description:1 Online-Ressource (50 Seiten)

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