This is an appendix accompanying "Which Aspects of Corporate Governance Do and Do Not Matter in Emerging Markets".The underlying paper can be downloaded from the SSRN eLibrary at: "http://ssrn.com/abstract=2601107" http://ssrn.com/abstract=2601107

Well-constructed, country-specific “corporate governance indices” can predict higher firm values in emerging markets. However, there is little credible research on which aspects of governance drive that overall relationship. We study that question across four major emerging markets (Brazil,...

We discuss empirical challenges in multicountry studies of the effects of firm-level corporate governance on firm value, focusing on emerging markets. We assess the severe data, “construct validity,” and endogeneity issues in these studies, propose methods to respond to those issues, and...

See the full text for the structured abstract requested by the journal. The abstract for the working paper is below:We conduct an exploratory analysis of how researchers can address the issue of “construct validity”, which poses a major challenge to all studies of the effect of corporate...

This codebook and the related dataset and statistical code accompanies Bernard Black, Antonio Gledson de Carvalho, Vikramaditya Khanna, Woochan Kim and B. Burcin Yurtoglu, Methods for Multicountry Studies of Corporate Governance: Evidence from the BRIKT Countries, 183 Journal of Econometrics...

An important issue in evaluating corporate governance is how to measure it. In prior work on emerging markets, we have advocated measuring firm-level governance using country-specific indices, tailored to each country's laws and institutions. An alternate approach, used in commercial indices, is...

A central issue in evaluating the effects of firm-level corporate governance (FLCG) is how to measure it. We focus here on emerging markets (EMs). One common approach to measuring FLCG uses country-specific (CSIs), tailored to each country’s laws and institutions. Several studies report that...