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Corporate governance distortions delay or even halt a country's transformation into a modern innovation economy. We investigate the mechanism through a growth model that allows for agency issues within firms. Governance distortions raise the cost of investment and depress the incentives to set...
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"This book represents an initial attempt to compare China, Japan, and South Korea, three close geographical and …
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This paper investigates corporate governance from a cross-country perspective and makes a comparison with Romania … literature by producing a quantitative analysis of cross-country corporate governance and makes a comparison with Romania. For …
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The rapidly aging populations of many developed countries--most notably Japan and member countries of the European …, Japan, and the United States), the authors offer an empirical and theoretical analysis and a simulation of the effects of …
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