Topic
Corporate governance
About: Corporate governance is a research topic. Over the lifetime, 118591 publications have been published within this topic receiving 2793582 citations.
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Book•
18 Apr 1996
TL;DR: The European Union as a trade bloc globalization, governance, and the nation state as mentioned in this paper, and the history of the international economy trade, foreign direct investment and international inequality multinational corporations and the "globalization" thesis economic backwardness and future prosperity.
Abstract: Introduction: globalization - a necessary myth? Globalization and the history of the international economy trade, foreign direct investment and international inequality multinational corporations and the "globalization" thesis economic backwardness and future prosperity - the developing economies and globalization economic governance issues in general the European Union as a trade bloc globalization, governance and the nation state.
1,454 citations
TL;DR: Corporate transparency, defined as the availability of firmspecific information to those outside publicly traded firms, has been investigated in this paper, where the authors conceptualize corporate transparency within a country as output from a multifaceted system whose components collectively produce, gather, validate and disseminate information.
Abstract: We investigate corporate transparency, defined as the availability of firmspecific information to those outside publicly traded firms. We conceptualize corporate transparency within a country as output from a multifaceted system whose components collectively produce, gather, validate, and disseminate information. We factor analyze a range of measures capturing countries’ firmspecific information environments, isolating two distinct factors. The first factor, interpreted as financial transparency, captures the intensity and timeliness of financial disclosures, and their interpretation and dissemination by analysts and the media. The second factor, interpreted as governance transparency, captures the intensity of governance disclosures used by outside investors to hold officers and directors accountable. We investigate whether these factors vary with countries’ legal/judicial regimes and political economies. Our main multivariate result is that the governance transparency factor is primarily related to a country’s legal/judicial regime, whereas the financial transparency factor is primarily related to political economy.
1,446 citations
TL;DR: Kaufmann, Kraay and Zoido-Lobat as mentioned in this paper presented estimates of six dimensions of governance covering 199 countries and territories for four time periods: 1996, 1998, 2000, and 2002.
Abstract: The authors present estimates of six dimensions of governance covering 199 countries and territories for four time periods: 1996, 1998, 2000, and 2002. These indicators are based on several hundred individual variables measuring perceptions of governance, drawn from 25 separate data sources constructed by 18 different organizations. The authors assign these individual measures of governance to categories capturing key dimensions of governance and use an unobserved components model to construct six aggregate governance indicators in each of the four periods. They present the point estimates of the dimensions of governance as well as the margins of errors for each country for the four periods. The governance indicators reported here are an update and expansion of previous research work on indicators initiated in 1998 (Kaufmann, Kraay, and Zoido-Lobat 1999a,b and 2002). The authors also address various methodological issues, including the interpretation and use of the data given the estimated margins of errors.
1,439 citations
Book•
06 May 2004
TL;DR: With its vivid illustrations of the governance systems used by top performers in public and nonprofit sectors, this important book provides the framework and tools necessary to customize an IT governance system.
Abstract: With its vivid illustrations of the governance systems used by top performers in public and nonprofit sectors, this important book provides the framework and tools necessary to customize an IT governance system.
1,438 citations
TL;DR: A review of tax research can be found in this article, which surveys four main areas of the literature: (1) the informational role of income tax expense reported for financial accounting, (2) corporate tax avoidance, (3) corporate decision-making including investment, capital structure, and organizational form, and (4) taxes and asset pricing.
1,436 citations