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National Culture , Corporate Governance Practices , and Firm Value
| Content Provider | Semantic Scholar |
|---|---|
| Author | Griffin, Dale C. Sauder |
| Copyright Year | 2015 |
| Abstract | We examine why corporate governance varies widely across countries and across firms, and why it matters. Using a new database from Governance Metrics International on corporate governance practices across a large number of countries and firms for 2006-2011 and employing the hierarchical linear model specification, we find that the national cultural dimension of individualism is positively associated with, whereas the national cultural dimension of uncertainty avoidance is negatively associated with, firm-level corporate governance practices. Within countries, there is a positive association between firm-level corporate governance practices and firm value; however, across countries, the association is negative or zero. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://www.aeaweb.org/conference/2016/retrieve.php?pdfid=100 |
| Alternate Webpage(s) | http://www.cicfconf.org/sites/default/files/paper_269.pdf |
| Language | English |
| Access Restriction | Open |
| Subject Keyword | Arabic numeral 0 Corporate governance Linear model Multilevel model |
| Content Type | Text |
| Resource Type | Article |
