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AN ORGANIZATIONAL APPROACH TO COMPARATIVE CORPORATE GOVERNANCE: COSTS, CONTINGENCIES, AND COMPLEMENTARITIES ABSTRACT This paper develops an organizational approach to corporate governance and assesses the effectiveness of corporate governance and implications for policy. Most corporate governance research focuses on a universal link between corporate governance practices (e.g. board structure, shareholder activism) and performance outcomes, but neglects [...] A SURVEY OF CORPORATE GOVERNANCE ABSTRACT This article surveys research on corporate governance, with special attention to the importance of legal protection of investors and of ownership concentration in corpo- rate governance systems around the world. CORPORATE GOVERNANCE DEALS WITH the ways in which suppliers of [...] CORPORATE GOVERNANCE AND ENFORCEMENT Erik Berglöf and Stijn Claessens Enforcement more than regulations, laws-on-the-books or voluntary codes is key to effective corporate governance, at least in transition and developing countries. Corporate governance and enforcement mechanisms are intimately linked as they affect firms’ ability to commit towards their stakeholders, in particular towards external investors. We provide a [...] |
 
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