In this study we construct, for the first time in Israel, an index for ranking the quality of corporate governance of Israeli firms. The index, based mainly on principles that are common in existing international indices, focuses on four main topics (the abilities of the board of directors,...

We follow the evolution of ownership structure in a sample of 80 Israeli companies that unified their dual-class shares in the 1990s, and compare it with a control sample of firms that maintained their dual share structure at least until 2000. Our main findings are as follows. First, controlling...