Corporate Governance Quality : : Trends and Real Effects / / Kenichi Ueda, Gianni De Nicolo, Luc Laeven

• Autore: Ueda Kenichi
• Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2006
• Edizione: 1st ed.
• Descrizione fisica: 1 online resource (43 p.)
• Soggetto topico: Corporate governance; Corporate governance - Economic aspects; Capacity; Capital and Total Factor Productivity; Corporate Finance and Governance: Government Policy and Regulation; Corporate Governance; Cost; Finance; Finance: General; Financial Markets and the Macroeconomy; Financial sector development; Financial services industry; General Financial Markets: General (includes Measurement and Data); Industrial productivity; Macroeconomics; Market capitalization; Production and Operations Management; Production; Role & responsibilities of boards & directors; Stock exchanges; Stock markets; Total factor productivity
• Soggetto geografico: China, People's Republic of
• Altri autori: De NicoloGianni LaevenLuc
• Note generali: "December 2006."
• Nota di bibliografia: Includes bibliographical references (p. 39-41).
• Nota di contenuto: ""Contents""; ""I. INTRODUCTION""; ""II. THE CGQ INDEX""; ""III. TRENDS IN CORPORATE GOVERNANCE QUALITY""; ""IV. THE REAL EFFECTS OF CORPORATE GOVERNANCE QUALITY""; ""V. CONCLUSION""; ""References""
• Sommario/riassunto: 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.
• Titolo autorizzato: Corporate Governance Quality
• ISBN: 1-4623-7400-X; 1-4527-0977-7; 1-283-51822-8; 1-4519-1006-1; 9786613830678
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910815304803321
• Lo trovi qui: Univ. Federico II
• Serie: IMF Working Papers; Working Paper ; ; No. 2006/293