Governance and the Financial Crisis: More Convergence, Less Risk?

Renee Adams

Chapter 14 in Global Asset Management, 2013, pp 247-273 from Palgrave Macmillan

Abstract: Abstract Based on measures of world industrial output, world trade and stock markets, Eichengreen and O’Rourke (2009) argue that the current financial crisis may be worse than the Great Depression on a global scale. Perhaps no one would have been surprised if a crisis of this magnitude originated in an emerging market. Bordo and Eichengreen (2003) provide evidence that most financial crises occur in emerging markets. They describe 139 financial crises between 1973 and 1997, 95 of which occurred in emerging market countries.

Keywords: Corporate Governance; Financial Crisis; Executive Compensation; Board Size; Female Director (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-32887-8_14

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DOI: 10.1057/9781137328878_14

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