Corporate Governance and Globalization
这篇综述梳理了公司治理结构是否影响各国经济绩效差异的现有知识,考察了所有者身份、监事会和法律体系的作用,发现部分治理结构确实导致绩效差异,并初步探讨了全球治理结构趋同的前景。
This survey gives an overview of the current state of knowledge on the question of whether corporate-governance structures worldwide are determinants of differences in economic performance. We look at the identities of owners, monitoring boards, and legal systems and find that some, though not all, corporate-governance structures give rise to differences in performance. The paper ends with a tentative look at the prospects of corporate-governance structures converging worldwide.