Black, Bernard S.; Carvalho, Antonio Gledson de; Gorga, … - In: Journal of Corporate Finance 18 (2012) 4, pp. 934-952
A central issue in corporate governance research is the extent to which “good” governance practices are universal (one size mostly fits all) or instead depend on country and firm characteristics. We report evidence that supports the second view. We first conduct a case study of Brazil, in...