Yeh, Andrew J.Y.; Lim, Steven; Vos, Ed - Department of Economics, Waikato Management School - 2006
concentration
institutions
quality of governance
path dependence
functional convergence
JEL Classification
G32, G34 … matters. Our treatment entails a more holistic view; we focus on whether cross‐
listings facilitate the race to the top from a global perspective. In contrast, the discussions as
cited above focus on the effect of state competition (in the U.S.) on the quality of governance … in a given country. For companies that operate across national borders, compliance with a set
of stricter governance standards signals better quality. In consequence, an improvement in the quality
of governance …