Corporate practices and national governance systems: what do country rankings tell us?
Nations compete for investment capital, and the assurances investors seek as they decide to provide that capital are universal. Motivated by the growing appetite for a global benchmark of corporate behaviour, this paper examines the relationship between the measured quality of corporate governance at the firm level and national competitiveness. It begins by analyzing the perceived quality of institutions in the 23 largest capital markets. Hypothesizing that good corporate governance at the company level may compensate for perceived weaknesses in the institutional framework, the paper then focuses on the pilot governance index developed by the Financial Times and ISS and compares it with new survey evidence from the World Economic Forum's Global Competitiveness Report. Finally, the paper discusses corporate governance in the EU accession countries and the extent to which the quality of governance has affected the mode of entry for foreign investment.
|Date of creation:||2004|
|Date of revision:|
|Contact details of provider:|| Postal: Deutsche Bank AG, 60272 Frankfurt am Main|
Phone: +49 69 910-31831
Fax: +49 69 910 31877
Web page: http://www.dbresearch.de/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:zbw:dbrrns:16. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (ZBW - German National Library of Economics)
If references are entirely missing, you can add them using this form.