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An Applied Econometricians' View of Empirical Corporate Governance Studies

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  • Axel Börsch-Supan
  • Jens Köke
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    Abstract

    The economic analysis of corporate governance is in vogue. In addition to a host of theoretical papers, an increasing number of empirical studies analyze how ownership structure, capital structure, board structure, and the market for corporate control influence firm performance. This is not an easy task, and indeed, for reasons explained in this survey, empirical studies on corporate governance have more than the usual share of econometric problems. This paper is a critical survey of the recent empirical literature on corporate governance - to show which methodological lessons can be learned for future empirical research in the field of corporate governance, paying particular attention to German institutions and data availability. Copyright Verein fü Socialpolitik and Blackwell Publishers Ltd 2002.

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    Bibliographic Info

    Article provided by Verein für Socialpolitik in its journal German Economic Review.

    Volume (Year): 3 (2002)
    Issue (Month): 3 (08)
    Pages: 295-326

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    Handle: RePEc:bla:germec:v:3:y:2002:i:3:p:295-326

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    Cited by:
    1. Marek Gruszczynski, 2005. "Corporate governance and financial performance of companies in Poland," Working Papers 19, Department of Applied Econometrics, Warsaw School of Economics.
    2. Koeke, J. & Renneboog, L.D.R., 2002. "Does Good Corporate Governance Lead to Stronger Productivity Growth?," Discussion Paper 2002-89, Tilburg University, Center for Economic Research.
    3. Stefan Beiner & Wolfgang Drobetz & Markus M. Schmid & Heinz Zimmermann, 2004. "Corporate Governance und Unternehmungsbewertung in der Schweiz," Working papers 2004/03, Faculty of Business and Economics - University of Basel.
    4. Nogareda, Jazmin Seijas & Ziegler, Andreas, 2006. "Green management and green technology - exploring the causal relationship," ZEW Discussion Papers 06-40, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
    5. Yener Altunbaş & Alper Kara & Adrian van Rixtel, 2007. "Corporate governance and corporate ownership: The investment behaviour of Japanese institutional investors," Banco de Espa�a Occasional Papers 0703, Banco de Espa�a.
    6. Stefan Beiner & Wolfgang Drobetz & Markus M. Schmid & Heinz Zimmermann, 2004. "Corporate Governance, Unternehmensbewertung und Wettbewerb - eine Untersuchung für die Schweiz," Working papers 2004/01, Faculty of Business and Economics - University of Basel.

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