National Culture, Corporate Governance
Event details
| Date | 20.04.2015 |
| Hour | 14:00 › 15:30 |
| Speaker | Kai LI (University of British Columbia) |
| Location | |
| Category | Conferences - Seminars |
We contrast the universalist and cultural perspectives on “good” corporate governance practices. Using a new database from Governance Metrics International featuring highly granular measures of corporate governance practices across a large number of countries for 2006-2011, we find that the national cultural dimension of individualism is positively associated with accountability and transparent disclosure, and with corporate behavior standards, and that uncertainty avoidance is negatively associated with accountability and transparent disclosure, and with minority shareholder protection. Within countries, there is a largely positive association between firm-level “good” corporate governance practices and firm performance; however, across countries, the association is largely negative.
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