 The Convergence of Disclosure and Governance Practices in the World’s Largest FirmsGaren Markarian, Antonio Parbonetti and Gary John Previts Corporate Governance: An International Review, 2007, vol. 15, issue 2, 294-310 Abstract: Many studies discuss convergence of cross‐border governance and governance‐related disclosure practices, but provide little empirical evidence to support their arguments and analysis. Our study examines the governance and disclosure practices of the world’s largest transnational firms. Using a unique dataset of 75 large firms in two time periods, 1995 and 2002, we examine both the governance practices, and disclosures regarding those governance practices, across Anglo‐Saxon and non‐Anglo‐Saxon firms. Results indicate that non‐Anglo‐Saxon firms have developed their governance practices towards promoting an independent mechanism of control, namely a mechanism that is more similar to an Anglo‐Saxon governance regime. In regard to governance‐related disclosure practices, results indicate that for both Anglo‐Saxon and non‐Anglo‐Saxon groups, disclosure practices have been evolving and converging towards more disclosures regarding governance matters. Date: 2007 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:bla:corgov:v:15:y:2007:i:2:p:294-310 Ordering information: This journal article can be ordered from Access Statistics for this article Corporate Governance: An International Review is currently edited by William Judge More articles in Corporate Governance: An International Review from Wiley Blackwell |
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