scholarly journals Equity Market Liberalization and Corporate Governance

2010 ◽  
Author(s):  
Kee-Hong Bae ◽  
Vidhan K. Goyal

2010 ◽  
Vol 16 (5) ◽  
pp. 609-621 ◽  
Author(s):  
Kee-Hong Bae ◽  
Vidhan K. Goyal




2013 ◽  
Author(s):  
R. David McLean ◽  
Jeffrey E. Pontiff ◽  
Mengxin Zhao


2012 ◽  
Vol 47 (6) ◽  
pp. 1187-1214 ◽  
Author(s):  
Paolo Fulghieri ◽  
Matti Suominen

AbstractWe present a theory of the linkages between corporate governance, corporate finance, and the real sector of an economy. Using a structural model of industry equilibrium with endogenous entry, we show that poor corporate governance leads to low levels of competition, and to firms with high insider ownership and leverage. In contrast, good corporate governance promotes the adoption of more efficient technologies and development of sectors more exposed to moral hazard. We use our model to study equity market liberalization, and we show that liberalizations facilitate entry and adoption of more productive technologies, especially in countries with good corporate governance.



2003 ◽  
Vol 85 (4) ◽  
Author(s):  
Geert Bekaert ◽  
Campbell R. Harvey ◽  
Christian T. Lundblad






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