Making Capital Markets Work through Corporate Governance
نویسنده
چکیده
منابع مشابه
Globalization and Convergence in Corporate Governance: Evidence from Infosys and the Indian Software Industry
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Capital markets perform two distinct functions: provision of capital and facilitation of good governance through information production and monitoring. I argue that the governance function has more impact on the efficiency with which resources are utilized within the firm. Based on industry level data across thirty-eight countries, I present evidence suggesting a positive relation between marke...
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