Corporate ownership and governance practices in Canada: a longitudinal study

Richard Bozec, Mohamed Dia and Yves Bozec

International Journal of Corporate Governance, 2013, vol. 4, issue 1, 51-73

Abstract: The objective of this study is to analyse convergence of corporate governance in Canada in a period characterised by high financial uncertainty (1999-2008). The methodological strength of this study resides in the combination of a longitudinal approach with a multilevel analysis, focusing on both governance practices and ownership structure. Our results show that ownership structure and control did not change over time. Canadian firms remained controlled by an ultimate shareholder who often is in a position to enjoy all of the private benefits of control while internalising only a small fraction of the costs. However, corporate governance practices converged toward a US model over the period under investigation, overall lending support to functional convergence, not formal convergence.

Keywords: corporate governance; ownership structure; excess control; formal convergence; functional convergence; Canada; financial uncertainty. (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.inderscience.com/link.php?id=55176 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijcgov:v:4:y:2013:i:1:p:51-73

Access Statistics for this article

More articles in International Journal of Corporate Governance from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().