Hidden Bibliographic Details
| Other authors / contributors: | Laeven, Luc, author.
Ueda, Kenichi, 1968- author.
International Monetary Fund. Research Department.
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| ISBN: | 1283518228
9781283518222
9781451910063
1451910061
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| Digital file characteristics: | data file
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| Notes: | Includes bibliographical references (pages 39-41).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | This paper constructs a composite index of corporate governance quality, documents its evolution from 1994 through 2003 in selected emerging and developed economies, and assesses its impact on aggregate and corporate growth and productivity. Our investigation yields three main findings. First, corporate governance quality in most countries has overall improved, although to varying degrees and with a few notable exceptions. Second, the data exhibit cross-country convergence in corporate governance quality with countries that score poorly initially catching up with countries with high corporate governance scores. Third, the impact of improvements in corporate governance quality on traditional measures of real economic activity-GDP growth, productivity growth, and the ratio of investment to GDP- is positive, significant, and quantitatively relevant, and the growth effect is particularly pronounced for industries that are most dependent on external finance.
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| Other form: | Print version: De Nicoló, Gianni. Corporate governance quality. Washington, D.C. : International Monetary Fund, Research Dept., 2006
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