Corporate governance, value and performance of firms: new empirical results on convergence from a large international database
April 8, 2014 Editor 0
This article aims to revisit the link between corporate governance, value, and firm performance by focusing on convergence, understood as the way that non-US firms are adopting US best practice in terms of corporate governance, and the implications of this adoption. We examine theoretical questions related to conventional models (agency theory, transaction cost economics, and new property rights theory), which tend to suggest rational adoption of best practice, and contributions that alternatively consider country- and firm-level differences as possible barriers to convergence. We contribute to the empirical literature by using a large international database to show how non-US firms’ adoption of US best practice is having an impact on performance.
- A quest for global entrepreneurs: the importance of cultural intelligence on commitment to entrepreneurial education
- Socially responsible boards: the evidence from RESPECT index companies
- Three Young Prize-Winning African Entrepreneurs To Watch
- Forget Business Plans; Here’s How to Really Size Up a Startup
- Look Beyond the Team: It’s About the Network
- What If You Don’t Want to Be a Manager?
Subscribe to our stories
- Prize-winning projects promote healthier eating, smarter crop investments June 28, 2018
- Reliable energy for all June 28, 2018
- Making marble from bottles: plastic waste’s second life in Kenya June 28, 2018
- A regional enterprise to commercialize an integrated technology for waste water treatment and biowaste conversion in eastern Africa May 27, 2018
- Dr Peggy Oti-Boateng May 27, 2018