Why do firms in weak institutional environments adopt strong corporate governance? The role of government regulation

• المؤلف الرئيسي: Zhang, Xiaojun
• مؤلفون آخرون: Ke, Bin
• التنسيق: Theses and Dissertations
• اللغة: English
• منشور في: 2015
• الموضوعات: DRNTU::Business::Accounting::Corporate governance
• الوصول للمادة أونلاين: http://hdl.handle.net/10356/65376
• المؤسسة: Nanyang Technological University

This study identifies one potential benefit of mandatory investor protection laws in weak investor protection countries neglected by the extant literature: laws help reduce firms’ bonding costs to strong corporate governance. We argue that corporate insiders (outsiders) have little incentive to volu...