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Country-level governance quality and stock market performance of GCC countries

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New forms of governance for economic development

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The quality of governance and momentum profits : international evidence

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Learning and the disappearing association between governance and returns

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Learning and the disappearing association between governance and returns

Bebchuk, Lucian A.; Cohen, Alma; Wang, Charles C.Y. - In: Journal of Financial Economics 108 (2013) 2, pp. 323-348

The correlation between governance indices and abnormal returns documented for 1990–1999 subsequently disappeared. The … good-governance and poor-governance firms. Consistent with learning, the correlation's disappearance was associated with … increases in market participants' attention to governance; market participants and security analysts were, until the beginning …

Persistent link: https://www.econbiz.de/10010664042