Connelly, J. Thomas; Limpaphayom, Piman; Nagarajan, Nandu J. - In: Journal of Banking & Finance 36 (2012) 6, pp. 1722-1743
We examine the relation between the quality of corporate governance practices and firm value for Thai firms, which often have complex ownership structures. We develop a comprehensive measure of corporate governance and show that, in contrast to conventional measures of corporate governance, our...