We examine the implications of imperfect information for corporate governance quality and stakeholder loyalty. We establish that imperfect information is conducive to lower levels of corporate governance quality and/or stakeholder loyalty compared to the benchmark of perfect information. Under...

Recent work on corporate governance has highlighted the effects of corporate governance quality on macroeconomic crises, especially in the context of South-East Asian economies. However, the possibility of reverse causation from macroeconomic performance to corporate governance has been...

In the 1990s, macroeconomic instability went hand in hand with low corporate governance quality in Turkey. There is an extensive literature on the relationship between the legal/institutional environment as the independent variable and corporate governance quality as dependent variable. However,...

In this chapter, we examine new evidence to ascertain the extent to which the quality of CG standards can be related to the emergence of a rule-based economic policy framework and the subsequent reduction in macroeconomic instability. The analysis below suggests that the positive impact of the...

This major Handbook provides a comprehensive analysis of the development of corporate governance across a range of countries including Australia, Germany, India, Italy, Japan, Poland, Russia, South Africa, Spain, Turkey and the UK. Whilst the stage in the corporate governance life cycle may vary...

Both international and domestic developments have combined to bring the corporate governance (CG) debate to the fore in Turkey. Given this increased interest in CG matters and the significance of Turkey as an emerging market, we provide an overview of the Turkish CG framework with two objectives...