Bai, Chong-En; Liu, Qiao; Lu, Joe; Song, Frank; Zhang, Junxi - William Davidson Institute, University of Michigan - 2003
in China empirically. We construct measures for corporate governance mechanisms and measures of market valuation for all … the market-valuation variables are affected by the corporate governance variables while controlling for a number of … factors commonly considered in market valuation analysis. A corporate governance index is also constructed to summarize the …