How much of the diversification discount can be explained by poor corporate governance?
نویسندگان
چکیده
منابع مشابه
How much in the Universe can be explained by geometry ?
The paper uses geometrical arguments to derive equations with relevance for cosmology; 5-dimensional spacetime is assumed because it has been shown in other works to provide a setting for significant unification of different areas of physics. Monogenic functions, which zero the vector derivative are shown to effectively model electrodynamics and relativistic dynamics if one allows for space cur...
متن کاملHow much of the variation in literacy and numeracy can be explained by school performance?
Family background is known to have a substantial impact on students’ literacy and numeracy results. This raises questions about whether any of the remaining differences in results are due to school performance — or whether they are merely due to random noise. This article reviews research from the OECD’s Programme for International Student Assessment (PISA) study, based on student-level analysi...
متن کاملHow Much of South Korea’s Growth Miracle Can be Explained by Trade Policy?
South Korea’s growth miracle has been well documented. A large set of institutional and policy reforms in the early 1960s is thought to have contributed to the country’s extraordinary performance. In this paper, we assess the importance of one key set of policies, the trade policy reforms in Korea, as well as the concurrent GATT tariff reductions. We develop a model of neoclassical growth and t...
متن کاملHow Much of the Variation in the Mutation Rate Along the Human Genome Can Be Explained?
It has been claimed recently that it may be possible to predict the rate of de novo mutation of each site in the human genome with a high degree of accuracy [Michaelson et al. (2012), Cell 151: 1431-1442]. We show that this claim is unwarranted. By considering the correlation between the rate of de novo mutation and the predictions from the model of Michaelson et al., we show there could be sub...
متن کاملCorporate Governance and Regulation: Can There Be Too Much of a Good Thing?
For a large number of companies from a cross-section of countries, we analyze how company corporate governance practices, country regulatory regimes and their interaction affect companies’ valuation. We confirm that practices are crucial for efficient company functioning and shareholder protection, and consequently positively impact valuation. We find little positive valuation impact from count...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Journal of Financial Economics
سال: 2012
ISSN: 0304-405X
DOI: 10.1016/j.jfineco.2011.03.025