We study the impact of internal corporate governance on performance during the current financial crisis using a comprehensive cross-country sample of 4046 publicly traded non-financial firms from 23 countries. Using a broad-based index of corporate governance quality, we find that well-governed...

This paper explicitly examines the interactive impact of country level legal and financial development, and firm level governance attributes on the cost of equity capital. Using a comprehensive sample of 7380 firm years drawn from 22 developed countries, we show that firm level governance...

In this paper, we examine the value-enhancing effect of corporate social responsibility (CSR) in the presence of product market competition. Using a comprehensive sample of 22,527 firm-year observations from 62 countries, we find that the value-enhancing effect of CSR is dominant in the...

Sin stocks are shunned by institutional and retail investors. As a result, sin stocks are perceived as risky necessitating risk mitigation strategies. Using 52,234 firm-year observations from 1981-2012, we study the risk management behavior of sin firms. We examine the disclosure of private and...

We study the impact of internal corporate governance on performance during the current financial crisis for a comprehensive cross-country sample of 4046 publicly traded non-financial firms from the U.S. and 22 developed countries. Using a broad-based index of corporate governance quality, we...