Gouvernance d'entreprise et performances sectorielles: une réévaluation de la fiabilité des scores et des mesures de bonne gouvernance

Jackie Krafft, Yiping Qu and Jacques-Laurent Ravix ()

Economie & Prévision, 2011, vol. n° 197-198, issue 1, 145-158

Abstract: We review the literature and explain (1) how the analytical foundations of corporate governance have been codified into operational scores and metrics, and (2) how the generalization of these scores and metrics has gradually led to the preparation of databases supporting decision-making by investors and policy-makers. The article offers an empirical study on RM/ISS, the most complete and widely used database in both the academic and business worlds to deal with these issues. The reliability of scores and metrics depends on their capacity to incorporate a large set of criteria, and the firm?s economic sector appears as the most decisive element in the interpretation of the link between governance and performance.

Keywords: corporate governance; maximization of shareholder value; international scores and standards of corporate governance; performance of firms and industries (search for similar items in EconPapers)
Date: 2011
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Related works:
Journal Article: Gouvernance d’entreprise et performances sectorielles: une réévaluation de la fiabilité des scores et des mesures de bonne gouvernance (2011)
Working Paper: Gouvernance d'entreprise et performances sectorielles: une réévaluation de la fiabilité des scores et des mesures de bonne gouvernance (2011)
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