Ueda, Kenichi; Nicoló, Gianni De; Laeven, Luc - International Monetary Fund (IMF) - 2006
This paper constructs a composite index of corporate governance quality, documents its evolution from 1994 through 2003 … in selected emerging and developed economies, and assesses its impact on aggregate and corporate growth and productivity …. Our investigation yields three main findings. First, corporate governance quality in most countries has overall improved …