CORPORATE GOVERNANCE QUALITY
CORPORATE GOVERNANCE QUALITY

Summary/Abstract: Corporate governance quality in most countries has overall improved, although to varying degrees and with a few notable exceptions. Corporate governance issues are especially important in emerging countries, since these countries do not have the long-established financial institution infrastructure to deal with corporate governance issues. This paper discusses how emerging countries are dealing with corporate governance quality issues. In emerging countries the impact of improvements in corporate governance quality on traditional measures of real economic activity was positive, significant, and quantitatively relevant, and the growth effect is particularly pronounced for industries that implemented principles and codes of corporate governance.

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