EconStor >
Deutsche Bank Research, Frankfurt am Main >
Research Notes, Deutsche Bank Research >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/21878
  
Title:Corporate practices and national governance systems: what do country rankings tell us? PDF Logo
Authors:Cornelius, Peter K.
Issue Date:2004
Series/Report no.:Research notes working paper series 16
Abstract: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.
Document Type:Working Paper
Appears in Collections:Research Notes, Deutsche Bank Research

Files in This Item:
File Description SizeFormat
PROD0000000000181568.pdf541.26 kBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:http://hdl.handle.net/10419/21878

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.