International Corporate Governance
62 Pages Posted: 30 Jul 2002
Date Written: January 2003
We survey two generations of research on corporate governance systems around the world, concentrating on countries other than the United States. The first generation of international corporate governance research is patterned after the US reasearch that precedes it. These studies examine individual governance mechanisms - particularly board composition and equity ownership - in individual countries. The second generation of international corporate governance research recognizes the fundamental impact of differing legal sysems on the structure and effectiveness of corporate governance and compares systems across countries.
Keywords: corporate governance, ownership, control, takeovers, block holders, boards, investor protection
JEL Classification: F02, G32, G34, G38, K22
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