The role of the country peculiarities of corporate governance systems development in the assessment of their effectiveness
The purpose of the article is to illustrate the main characteristics of the corporate governance systems of the countries (Italy and Ukraine) with different level of their development. We then address the issue of corporate governance measurement for all countries and analyse the effectiveness of corporate governance indices. The paper concludes that there is no one "best" measure of corporate governance. The most effective corporate governance system depends on context and on banks' specific circumstances.
Volume (Year): (2012)
Issue (Month): 8 ()
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- Villalonga, Belen & Amit, Raphael, 2006. "How do family ownership, control and management affect firm value?," Journal of Financial Economics, Elsevier, vol. 80(2), pages 385-417, May.
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- Gerald T. Garvey & Gordon Hanka, 1999. "Capital Structure and Corporate Control: The Effect of Antitakeover Statutes on Firm Leverage," Journal of Finance, American Finance Association, vol. 54(2), pages 519-546, April.
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