whether corporate governance structures worldwide are determinants of differences in economic performance. We look at the … identities of owners, monitoring boards, and legal systems and argue that some though not all corporate governance structures … governance structures converging worldwide …

We develop a model to study the impact of corporate governance on firm investment decisions and industry competition … investment strategy and we study how different governance structures shape technical progress and the degree of competition over … characterized by heterogeneous governance structures generate the well-documented inverted-U shaped relation between competition and …