We hypothesize that poor country-level governance, which makes public information less reliable, induces fund managers to increase their use of semi-public information. Utilizing data from international mutual funds and stocks over the 2000-2009 period, we find that semi-public...

This paper reviews the published work on the governance of regulatory authorities in order to identify the basic governance standards that apply and some of the factors that affect the implementation of good governance. There are four pillars of good regulatory governance: independence,...

Nations compete for investment capital, and the assurances investors seek as they decide to provide that capital are universal. Motivated by the growing appetite for a global benchmark of corporate behaviour, this paper examines the relationship between the measured quality of corporate...

Corporate governance presents opportunities to manage risks and add value. Views of corporate governance are shifting from mere obligation and compliance with norms, laws and listing standards, to a business imperative for many companies. Integrating corporate governance into the strategy has...

We hypothesize that poor country-level governance, which makes public information less reliable, induces fund managers to increase their use of semi-public information. Utilizing data from international mutual funds and stocks over the 2000-2009 period, we find that semi-public...

Japanese firms are more likely to adopt new stock option plans when they are more owned by directors and arms-length investors (institutional investors and foreigners) while the probability of adopting option plans is negatively associated with ownership by stable and controlling shareholders....