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Corporations, collective action and corporate governance: One size does not fit all

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  • J. Mulherin

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    Abstract

    A review of the theory and evidence on corporate governance indicates several related themes. First, corporate governance is multidimensional. Second, corporate governance is an endogenous response to a firm’s economic environment. Third, the role of different governance mechanisms varies across industries. New analysis of a sample of 1235 US corporations from 40 different industries in the year 2000 confirms the empirical regularities reported in prior research. The central policy implication of the prior research and new supporting evidence is that one size does not fit all in corporate governance. Copyright Springer Science + Business Media, Inc. 2005

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    Bibliographic Info

    Article provided by Springer in its journal Public Choice.

    Volume (Year): 124 (2005)
    Issue (Month): 1 (July)
    Pages: 179-204

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    Handle: RePEc:kap:pubcho:v:124:y:2005:i:1:p:179-204

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    Web page: http://www.springerlink.com/link.asp?id=100332

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    Cited by:
    1. Wintoki, M. Babajide, 2007. "Corporate boards and regulation: The effect of the Sarbanes-Oxley Act and the exchange listing requirements on firm value," Journal of Corporate Finance, Elsevier, vol. 13(2-3), pages 229-250, June.
    2. Netter, Jeffry & Poulsen, Annette & Stegemoller, Mike, 2009. "The rise of corporate governance in corporate control research," Journal of Corporate Finance, Elsevier, vol. 15(1), pages 1-9, February.
    3. Guest, Paul M., 2008. "The determinants of board size and composition: Evidence from the UK," Journal of Corporate Finance, Elsevier, vol. 14(1), pages 51-72, February.
    4. Harold Mulherin, J., 2007. "Measuring the costs and benefits of regulation: Conceptual issues in securities markets," Journal of Corporate Finance, Elsevier, vol. 13(2-3), pages 421-437, June.
    5. Paul Edelman, 2012. "The institutional dimension of election design," Public Choice, Springer, vol. 153(3), pages 287-293, December.
    6. Jaekwon Suh, 2012. "Corporate governance under proportional electoral systems," Public Choice, Springer, vol. 150(3), pages 671-690, March.

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