search query: @journal_id 62 / total: 680
reference: 7 / 680
| Author: | Gibson, M.S. |
| Title: | Is corporate governance ineffective in emerging markets? |
| Journal: | Journal of Financial and Quantitative Analysis
2003 : MAR, VOL. 38:1, p. 231-250 |
| Index terms: | Corporate governance Effectiveness Emerging markets |
| Language: | eng |
| Abstract: | The author tests corporate governance is ineffective in emerging markets by estimating the link between CEO turnover and firm performance for over 1200 firms in eight emerging markets. Two main results are found. First, CEOs of emerging market firms are more likely to lose their jobs when their firm's performance is poor, suggesting that corporate governance is not ineffective in emerging markets. Second, for the subset of firms with a large domestic shareholder, there is no link between CEO turnover and firm performance. For this subset of emerging market firms, corporate governance appears to be ineffective. |
SCIMA