Journal ArticleDOI
Corporate governance in emerging markets: A survey
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TLDR
A review of recent research on corporate governance with a special focus on emerging markets is presented in this paper, where the authors find that better corporate governance benefit firms through greater access to financing, lower cost of capital, better performance, and more favorable treatment of all stakeholders.About:
This article is published in Emerging Markets Review.The article was published on 2013-06-01. It has received 790 citations till now. The article focuses on the topics: Corporate governance & Stakeholder.read more
Citations
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Shock-Based Causal Inference in Corporate Finance and Accounting Research
TL;DR: The authors survey 13,461 papers published between 2001 and 2011 in 22 major accounting, economics, finance, law, and management journals and identify 863 empirical studies in which corporate governance is associated with firm value or other characteristics.
Journal ArticleDOI
Environmental disclosure quality: Evidence on environmental performance, corporate governance and value relevance
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Comprehensive Board Diversity and Quality of Corporate Social Responsibility Disclosure: Evidence from an Emerging Market
TL;DR: In this paper, the authors examined the relationship between wide-ranging board diversity and the quality of corporate social responsibility (CSR) disclosure variables in Malaysia using 200 listed firms in Bursa Malaysia during 2009-2013 and applying both OLS and 2SLS instrumental variables (IV) approaches.
Journal ArticleDOI
The impact of ownership and board structure on Corporate Social Responsibility (CSR) reporting in the Turkish banking industry
Merve Kilic,Cemil Kuzey,Ali Uyar +2 more
TL;DR: In this article, the authors analyzed the nature, extent and trend of corporate social responsibility reporting in Turkish banking industry under five sub-themes, namely, environment, energy, human resources, products and customers and community involvement.
Journal ArticleDOI
Governance of Family Firms
TL;DR: In this article, the authors review what the financial economics literature has to say about the unique ways in which the following three classic agency problems manifest themselves in family firms: shareholders versus managers, controlling (family) shareholders versus noncontrolling shareholders, and shareholders versus creditors.
References
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Journal ArticleDOI
Theory of the firm: Managerial behavior, agency costs and ownership structure
TL;DR: In this article, the authors draw on recent progress in the theory of property rights, agency, and finance to develop a theory of ownership structure for the firm, which casts new light on and has implications for a variety of issues in the professional and popular literature.
Book
Institutions, Institutional Change and Economic Performance
TL;DR: Douglass C. North as discussed by the authors developed an analytical framework for explaining the ways in which institutions and institutional change affect the performance of economies, both at a given time and over time.
Posted Content
Institutions, Institutional Change, and Economic Performance
Douglass C. North,John Alt +1 more
TL;DR: In this article, the authors examine the role that institutions, defined as the humanly devised constraints that shape human interaction, play in economic performance and how those institutions change and how a model of dynamic institutions explains the differential performance of economies through time.
Journal ArticleDOI
The Nature of the Firm
TL;DR: In this paper, it is shown that a definition of a firm may be obtained which is not only realistic in that it corresponds to what is meant by a firm in the real world, but is tractable by two of the most powerful instruments of economic analysis developed by Marshall, the idea of the margin and that of substitution.
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Law and Finance
Rafael La Porta,Rafael La Porta,Florencio Lopez de Silanes,Florencio Lopez de Silanes,Andrei Shleifer,Andrei Shleifer,Robert W. Vishny,Robert W. Vishny +7 more
TL;DR: This paper examined legal rules covering protection of corporate shareholders and creditors, the origin of these rules, and the quality of their enforcement in 49 countries and found that common law countries generally have the best, and French civil law countries the worst, legal protections of investors.