04927oam 22011054 450 991078869550332120230828230422.01-4623-7400-X1-4527-0977-71-283-51822-81-4519-1006-19786613830678(CKB)3360000000443991(EBL)3012524(SSID)ssj0001474012(PQKBManifestationID)11803596(PQKBTitleCode)TC0001474012(PQKBWorkID)11449442(PQKB)11610753(OCoLC)568151248(MiAaPQ)EBC3012524(IMF)WPIEE2006293(EXLCZ)99336000000044399120020129d2006 uf 0engur|n|---|||||txtccrCorporate Governance Quality : Trends and Real Effects /Kenichi Ueda, Gianni De Nicolo, Luc LaevenWashington, D.C. :International Monetary Fund,2006.1 online resource (43 p.)IMF Working Papers"December 2006."1-4518-6553-8 Includes bibliographical references (p. 39-41).""Contents""; ""I. INTRODUCTION""; ""II. THE CGQ INDEX""; ""III. TRENDS IN CORPORATE GOVERNANCE QUALITY""; ""IV. THE REAL EFFECTS OF CORPORATE GOVERNANCE QUALITY""; ""V. CONCLUSION""; ""References""This paper constructs a composite index of corporate governance quality, documents its evolution from 1994 through 2003 in selected emerging and developed economies, and assesses its impact on aggregate and corporate growth and productivity. Our investigation yields three main findings. First, corporate governance quality in most countries has overall improved, although to varying degrees and with a few notable exceptions. Second, the data exhibit cross-country convergence in corporate governance quality with countries that score poorly initially catching up with countries with high corporate governance scores. Third, the impact of improvements in corporate governance quality on traditional measures of real economic activity-GDP growth, productivity growth, and the ratio of investment to GDP- is positive, significant, and quantitatively relevant, and the growth effect is particularly pronounced for industries that are most dependent on external finance.IMF Working Papers; Working Paper ;No. 2006/293Corporate governanceCorporate governanceEconomic aspectsFinance: GeneralimfProduction and Operations ManagementimfCorporate GovernanceimfCorporate Finance and Governance: Government Policy and RegulationimfFinancial Markets and the MacroeconomyimfProductionimfCostimfCapital and Total Factor ProductivityimfCapacityimfGeneral Financial Markets: General (includes Measurement and Data)imfCorporate governanceimfrole & responsibilities of boards & directorsimfFinanceimfMacroeconomicsimfTotal factor productivityimfFinancial sector developmentimfStock marketsimfMarket capitalizationimfFinancial services industryimfIndustrial productivityimfStock exchangesimfChina, People's Republic ofimfCorporate governance.Corporate governanceEconomic aspects.Finance: GeneralProduction and Operations ManagementCorporate GovernanceCorporate Finance and Governance: Government Policy and RegulationFinancial Markets and the MacroeconomyProductionCostCapital and Total Factor ProductivityCapacityGeneral Financial Markets: General (includes Measurement and Data)Corporate governancerole & responsibilities of boards & directorsFinanceMacroeconomicsTotal factor productivityFinancial sector developmentStock marketsMarket capitalizationFinancial services industryIndustrial productivityStock exchangesUeda Kenichi1485191De Nicolo Gianni375199Laeven Luc1463965International Monetary Fund.Research Dept.DcWaIMFBOOK9910788695503321Corporate Governance Quality3823283UNINA