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Corporate Governance and Economic Performance


  • Gugler, Klaus
    (University of Vienna)


Corporate governance has time and again been the subject of extensive scrutiny and controversy. Much of the debate of the 1960s and 1970s focused on the managerial corporation in the USA and the UK, inspired by the seminal work of Berle and Means (1932). The separation of ownership from control has been blamed for spectacular business failures. While there is ample evidence about corporate governance and performance in the USA and the UK, very little is known about the functioning of corporate governance elsewhere. "Corporate Governance and Economic Performance" presents evidence about corporate governance and performance in a large number of countries. It is the result of a collective research effort by the members of the European Corporate Governance Network (ECGN), which brought together 'country teams' familiar with the language and corporate culture of their respective countries. The volume focuses on Austria, Belgium, Germany, France, Italy, Japan, the Netherlands, Spain, Turkey, the United Kingdom, and the United States. While the 'owner--manager conflict' appears to dominate in the USA and the UK, the 'large--small shareholder' conflict is important in Continental Europe. Based on this evidence, the authors derive important policy implications for capital market reform in Europe. Contributors to this volume - Klaus Gugler Marc Goergen Luc Renneboog Ekkehart Boehmer Elizabeth Kremp Patrick Sevestre Magda Bianco Kyoko Sakuma Abe de Jong Rafel Crespi-Cladera Burcin Yurtoglu Marc Goergen Luc Renneboog Klaus Gugler

Suggested Citation

  • Gugler, Klaus (ed.), 2001. "Corporate Governance and Economic Performance," OUP Catalogue, Oxford University Press, number 9780199245703.
  • Handle: RePEc:oxp:obooks:9780199245703

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    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.

    Cited by:

    1. David B. Audretsch & Erik E. Lehmann, 2013. "Corporate governance in newly listed companies," Chapters,in: Handbook of Research on IPOs, chapter 9, pages 179-206 Edward Elgar Publishing.
    2. Marek Gruszczynski, 2006. "Corporate Governance and Financial Performance of Companies in Poland," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 12(2), pages 251-259, May.
    3. Bjuggren, Per-Olof & Eklund, Johan & Wiberg, Daniel, 2008. "Institutional Ownership and the Returns on Investment," Ratio Working Papers 128, The Ratio Institute.
    4. Roszaini Haniffa & Mohammad Hudaib, 2006. "Corporate Governance Structure and Performance of Malaysian Listed Companies," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 33(7-8), pages 1034-1062.
    5. Alessandro Zattoni & Francesca Cuomo, 2008. "Why Adopt Codes of Good Governance? A Comparison of Institutional and Efficiency Perspectives," Corporate Governance: An International Review, Wiley Blackwell, vol. 16(1), pages 1-15, January.
    6. M. Diaz & Rosario Sanchez, 2008. "Firm size and productivity in Spain: a stochastic frontier analysis," Small Business Economics, Springer, vol. 30(3), pages 315-323, March.
    7. Deutsch, Klaus Günter, 2002. "Corporate Governance in Deutschland – Perspektiven der Wissenschaft. Ein Konferenzbericht," Research Notes 02-3, Deutsche Bank Research.
    8. Dherment-Ferere, Isabelle & Köke, Jens & Renneboog, Luc, 2001. "Corporate monitoring by blockholders in Europe: empirical evidence of managerial disciplining in Belgium, France, Germany, and the UK," ZEW Discussion Papers 01-24, ZEW - Leibniz Centre for European Economic Research.
    9. Ozlem I. Koc, 2014. "A Research On Relationship Between Corporate Governance Ratings Of Banks Listed In Istanbul Stock Exchange (Bist) Corporate Governance Index And Some Of Their Characteristics," Economy & Business Journal, International Scientific Publications, Bulgaria, vol. 8(1), pages 183-199.
    10. Forcillo, Donato, 2017. "Codetermination: the Necessary Presence of Workers on the Board. A Mathematical Model," MPRA Paper 81935, University Library of Munich, Germany.
    11. Filippo Belloc & Eleonora Laurenza & M. Alessandra Rossi, 2016. "Corporate governance effects on innovation when both agency costs and asset specificity matter," Industrial and Corporate Change, Oxford University Press, vol. 25(6), pages 977-999.
    12. Klaus Gugler & Dennis C. Mueller & B. Burcin Yurtoglu, 2001. "Corporate Governance, Capital MarketDiscipline and the Returns on Investment," CIG Working Papers FS IV 01-25, Wissenschaftszentrum Berlin (WZB), Research Unit: Competition and Innovation (CIG).
    13. Lehmann, Erik, 2018. "Corporate governance," UO Working Papers 01-18, University of Augsburg, Chair of Management and Organization.
    14. Klaus Gugler, 2003. "Corporate governance and investment," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 10(3), pages 261-289.
    15. Miguel Manjon, 2007. "Does the proxy for shareholders' control make a difference in firm-performance regressions? Evidence from a blockholder system of corporate governance," Applied Economics Letters, Taylor & Francis Journals, vol. 14(6), pages 445-449.
    16. M. Isabel Sánchez-Hernández & Emerson W. Mainardes, 2016. "University social responsibility: a student base analysis in Brazil," International Review on Public and Nonprofit Marketing, Springer;International Association of Public and Non-Profit Marketing, vol. 13(2), pages 151-169, July.
    17. Forcillo, Donato, 2017. "Codetermination: the Presence of Workers on the Board. A Depth Analysis," MPRA Paper 81936, University Library of Munich, Germany.
    18. John Parkinson, 2003. "Models of the Company and the Employment Relationship," British Journal of Industrial Relations, London School of Economics, vol. 41(3), pages 481-509, September.
    19. Deutsch, Klaus Günter & Stichnoth, Holger, 2002. "Corporate Governance in Germany – Perspectives from Economics and Finance. A Conference Report," Research Notes 02-3e, Deutsche Bank Research.
    20. repec:kap:asiapa:v:35:y:2018:i:4:d:10.1007_s10490-017-9530-3 is not listed on IDEAS
    21. repec:kap:iaecre:v:12:y:2006:i:2:p:251-259 is not listed on IDEAS

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