Corporate governance reform in emerging markets: How much, why, and with what effects?

Sudarat Ananchotikul and Barry Eichengreen

Journal of the Japanese and International Economies, 2009, vol. 23, issue 2, 149-176

Abstract: This paper extends previous measures of the quality of corporate governance for a cross section of emerging markets. We find that there have been significant improvements in a wide range of countries in the course of the last ten years. Improvements are most likely in countries with stable governments, where foreign investors lobby for reform, and where peer effects are present. We also document significant benefits in terms of the depth and liquidity of financial markets. J. Japanese Int. Economies 23 (2) (2009) 149-176.

Keywords: Corporate; governance; Asia (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (7)

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Chapter: Corporate Governance Reform in Emerging Markets: How Much, Why, and with What Effects? (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jjieco:v:23:y:2009:i:2:p:149-176

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