search query: @indexterm Developing countries / total: 1274
reference: 103 / 1274
| Author: | Gugler, K. Mueller, D.C. Yurtoglu, B.B. |
| Title: | The impact of corporate governance on investment returns in developed and developing countries |
| Journal: | Economic Journal
2003 : NOV, VOL. 113:491, p. F511-F539 |
| Index terms: | Corporate governance Developing countries Return on investment |
| Language: | eng |
| Abstract: | Three conundrums in the literature on investment are shed light on: 1) Why investments out of different sources of finance earn different returns, 2) Why different studies report different patterns of returns across sources of finance and 3) Why companies in developing countries make grater use of external equity capital to finance their investment than do companies in developed countries. It is shown that the strenght of corporate governance systems affects the preferred source of financing, which in turn helps to explain why investments financed in different ways exhibit significantly different rates of return. |
SCIMA