Corporate Governance and Development

The literature shows that good corporate governance generally pays—for firms, for markets, and for countries. It is associated with a lower cost of capital, higher returns on equity, greater efficiency, and more favorable treatment of all stakeholders, although the direction of causality is not alwa...

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Veröffentlicht in:	The World Bank research observer 2006-04, Vol.21 (1), p.91-122
1. Verfasser:	Claessens, Stijn
Format:	Artikel
Sprache:	eng
Schlagworte:	Bankruptcy laws Behavior Business organization and administration Business structures Capital costs Capital investments Corporate governance Correlation analysis COST OF CAPITAL Economic development Enterprises Executive compensation EXTERNAL FINANCING Financial economics Financial investments GOOD CORPORATE GOVERNANCE Institutional investments Institutions International aspects International finance Investors LEGAL ENFORCEMENT Management Observational research Political conditions POLITICAL ECONOMY Private property Property rights Reform RETURNS ON EQUITY Shareholders Social responsibility Stockholders Studies TREATMENT OF STAKEHOLDERS Valuation World Bank
Online-Zugang:	Volltext
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