Corporate Governance, Information, and Investor Confidence

Corporate Governance, Investor Protection and Performance in Emerging Markets

Recent research studying the link between law and finance has concentrated on country-level investor protection measures and focused on differences in legal systems across countries and legal families. We use recent data on firm-level corporate governance rankings across 14 emerging markets and find that there is wide variation in firm-level governance across countries in our sample and that th...

Century Corporate Governance for Crowdfunding and App-based Investor Communications

Corporate Governance and Information Security

Information Disclosure and Corporate Governance

Disclosure is widely assumed to play an important role in corporate governance. Yet governance has not been the focus of previous academic analyses of disclosure. We consider disclosure in the context of corporate governance. We argue that disclosure is a two-edged sword. On one side, disclosure of information permits principals to make better decisions. On the other, it can create or exacerbat...

The Corporate Governance Role of Information Quality and Corporate Takeovers

This paper examines the corporate governance role of firms’ information quality and the takeover market in disciplining management. We consider a model where the takeover market plays a disciplinary role in replacing the inefficient incumbent manager to increase firm value. Increasing the information quality improves the takeover efficiency, but more precise information also discourages the man...