families behind these business groups affects the groups' organization, governance and performance. To address this question … when the founder is no longer present. We identify a possible governance channel for this performance effect. Excess …

of 24 governance provisions (G-Index) would have earned abnormal returns during the 1991-1999 period, and this intriguing … governance-returns association was due to market participants' learning to appreciate the difference between firms scoring well … and poorly on the governance indices. Consistent with the learning hypothesis, we document that (i) attention to corporate …

, corporate governance, and property rights protection - and patterns of international capital flows. It studies conditions under … poor corporate governance in a country may be completely bypassed by two-way capital flows in which domestic savings leave … effect is ambiguous for a developing country with an inefficient financial sector/poor corporate governance. However, the net …

institutional parameters (cost of financial intermediation, quality of corporate governance, and level of property rights protection …

allocating the economy's capital and other resources. Comparative financial histories show these corporate governance regimes to …

Is greater trading liquidity good or bad for corporate governance? We address this question both theoretically and … information concerns her own plans for taking an active role in governance. We show that an increase in the liquidity of the firm … governance. Empirical tests using three distinct sources of exogenous variation in liquidity confirm the negative relation …