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



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Autore: Ueda Kenichi Visualizza persona
Titolo: Corporate Governance Quality : : Trends and Real Effects / / Kenichi Ueda, Gianni De Nicolo, Luc Laeven Visualizza cluster
Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2006
Descrizione fisica: 1 online resource (43 p.)
Soggetto topico: Corporate governance
Corporate governance - Economic aspects
Finance: General
Production and Operations Management
Corporate Governance
Corporate Finance and Governance: Government Policy and Regulation
Financial Markets and the Macroeconomy
Production
Cost
Capital and Total Factor Productivity
Capacity
General Financial Markets: General (includes Measurement and Data)
role & responsibilities of boards & directors
Finance
Macroeconomics
Total factor productivity
Financial sector development
Stock markets
Market capitalization
Financial services industry
Industrial productivity
Stock exchanges
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  Visualizza cluster
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.: 9910788695503321
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Serie: IMF Working Papers; Working Paper ; ; No. 2006/293