메뉴 건너뛰기




Volumn 88, Issue 1, 2006, Pages 69-90

Globalization and similarities in corporate governance: A cross-country analysis

Author keywords

[No Author keywords available]

Indexed keywords


EID: 32544445954     PISSN: 00346535     EISSN: 15309142     Source Type: Journal    
DOI: 10.1162/003465306775565837     Document Type: Article
Times cited : (188)

References (73)
  • 1
    • 0000979996 scopus 로고    scopus 로고
    • The colonial origins of comparative development: An empirical investigation
    • Acemoglu, Daron, James A. Robinson, and Simon Johnson, "The Colonial Origins of Comparative Development: An Empirical Investigation," American Economic Review 91 (2001), 1369-1401.
    • (2001) American Economic Review , vol.91 , pp. 1369-1401
    • Acemoglu, D.1    Robinson, J.A.2    Johnson, S.3
  • 2
    • 84937149683 scopus 로고
    • A theoretical foundation for the gravity equation
    • Anderson, J., "A Theoretical Foundation for the Gravity Equation," American Economic Review 69:1 (1979), 106-116.
    • (1979) American Economic Review , vol.69 , Issue.1 , pp. 106-116
    • Anderson, J.1
  • 3
    • 0002580276 scopus 로고
    • The contingent governance of teams: Analysis of institutional complementarity
    • Aoki, Masahiko, "The Contingent Governance of Teams: Analysis of Institutional Complementarity," International Economic Review 35:3 (1994), 657-676.
    • (1994) International Economic Review , vol.35 , Issue.3 , pp. 657-676
    • Aoki, M.1
  • 6
    • 0000159634 scopus 로고
    • Productivity growth, convergence, and welfare: What the long-run data show
    • Baumol, William J., "Productivity Growth, Convergence, and Welfare: What the Long-Run Data Show," The American Economic Review 16:5 (1986), 1072-1085.
    • (1986) The American Economic Review , vol.16 , Issue.5 , pp. 1072-1085
    • Baumol, W.J.1
  • 7
    • 0036963312 scopus 로고    scopus 로고
    • Does the evidence favor state competition in corporate law?
    • Bebchuk, Lucian Arye, Alma Cohen, and Allen Ferrell, "Does the Evidence Favor State Competition in Corporate Law?" California Law Review 90 (2002), 1775-1821.
    • (2002) California Law Review , vol.90 , pp. 1775-1821
    • Bebchuk, L.A.1    Cohen, A.2    Ferrell, A.3
  • 8
    • 0346684472 scopus 로고    scopus 로고
    • A theory of path dependence in corporate ownership and governance
    • Bebchuk, Lucian Arye, and Mark J. Roe, "A Theory of Path Dependence in Corporate Ownership and Governance," Stanford Law Review 52:1 (1999), 127-170.
    • (1999) Stanford Law Review , vol.52 , Issue.1 , pp. 127-170
    • Bebchuk, L.A.1    Roe, M.J.2
  • 9
    • 0027761231 scopus 로고
    • Equalizing exchange: Trade liberalization and income convergence
    • Ben-David, Dan, "Equalizing Exchange: Trade Liberalization and Income Convergence," The Quarterly Journal of Economics 108:3 (1993), 653-679.
    • (1993) The Quarterly Journal of Economics , vol.108 , Issue.3 , pp. 653-679
    • Ben-David, D.1
  • 10
    • 0000387367 scopus 로고
    • The governance structure of the japanese financial keiretsu
    • Berglof, Erik, and Enrico Perotti, "The Governance Structure of the Japanese Financial Keiretsu," Journal of Financial Economics 36:2 (1994), 259-284.
    • (1994) Journal of Financial Economics , vol.36 , Issue.2 , pp. 259-284
    • Berglof, E.1    Perotti, E.2
  • 11
    • 84960577852 scopus 로고
    • Short-term versus long-term interests: Capital structure with multiple investors
    • Berglof, Erik, and Ernst-Ludwig von Thadden, "Short-Term versus Long-Term Interests: Capital Structure with Multiple Investors," The Quarterly Journal of Economics 109:4 (1994), 1055-1084.
    • (1994) The Quarterly Journal of Economics , vol.109 , Issue.4 , pp. 1055-1084
    • Berglof, E.1    Von Thadden, E.-L.2
  • 12
    • 0037306950 scopus 로고    scopus 로고
    • Economic development, legality, and the transplant effect
    • Berkowitz, D., K. Pistor, and J. F. Richard, "Economic Development, Legality, and the Transplant Effect," European Economic Review 47:1 (2003), 165-195.
    • (2003) European Economic Review , vol.47 , Issue.1 , pp. 165-195
    • Berkowitz, D.1    Pistor, K.2    Richard, J.F.3
  • 13
    • 0000375782 scopus 로고
    • The hidden costs of stock market liquidity
    • Bhide, Amar, "The Hidden Costs of Stock Market Liquidity," Journal of Financial Economics 34:1 (1993), 31-51.
    • (1993) Journal of Financial Economics , vol.34 , Issue.1 , pp. 31-51
    • Bhide, A.1
  • 14
    • 0000119713 scopus 로고
    • Agents watching agents: The promise of institutional investor voice
    • Black, Bernard S., "Agents Watching Agents: The Promise of Institutional Investor Voice," UCLA Law Review 39 (1992a), 811-893.
    • (1992) UCLA Law Review , vol.39 , pp. 811-893
    • Black, B.S.1
  • 15
    • 0039592455 scopus 로고
    • The value of institutional invest monitoring: The empirical evidence
    • _ "The Value of Institutional Invest Monitoring: The Empirical Evidence," UCLA Law Review 39 (1992b), 895-939.
    • (1992) UCLA Law Review , vol.39 , pp. 895-939
  • 16
    • 0346449701 scopus 로고    scopus 로고
    • Does corporate governance matter? a crude test using russian data
    • _ "Does Corporate Governance Matter? A Crude Test Using Russian Data," University of Pennsylvania Law Review 149 (2001), 2131-2150.
    • (2001) University of Pennsylvania Law Review , vol.149 , pp. 2131-2150
  • 17
    • 0000082464 scopus 로고    scopus 로고
    • Vagabond shoes longing to stray: Why foreign firms list in the united states
    • Blass, Asher, and Yishay Yafey, "Vagabond Shoes Longing to Stray: Why Foreign Firms List in the United States," Journal of Banking & Finance 25 (2001), 555-572.
    • (2001) Journal of Banking & Finance , vol.25 , pp. 555-572
    • Blass, A.1    Yafey, Y.2
  • 18
    • 0346456178 scopus 로고    scopus 로고
    • The very uncertain prospect of 'global' convergence in corporate governance
    • Branson, Douglas M., "The Very Uncertain Prospect of 'Global' Convergence in Corporate Governance," Cornell International Law Journal 34:2 (2001), 321-362.
    • (2001) Cornell International Law Journal , vol.34 , Issue.2 , pp. 321-362
    • Branson, D.M.1
  • 19
    • 0002473108 scopus 로고    scopus 로고
    • Comparative corporate governance and the theory of the firm: The case against global cross reference
    • Bratton, William W., and Joseph A. McCahery, "Comparative Corporate Governance and the Theory of the Firm: The Case Against Global Cross Reference," Columbia Journal of Transnational Law 38 (1999), 213-298.
    • (1999) Columbia Journal of Transnational Law , vol.38 , pp. 213-298
    • Bratton, W.W.1    McCahery, J.A.2
  • 20
    • 0346042330 scopus 로고
    • Institutional owners and corporate managers: A comparative perspective
    • Buxbaum, Richard M., "Institutional Owners and Corporate Managers: A Comparative Perspective," Brooklyn Law Review 57 (1991), 1-53.
    • (1991) Brooklyn Law Review , vol.57 , pp. 1-53
    • Buxbaum, R.M.1
  • 21
    • 0042261097 scopus 로고    scopus 로고
    • The future as history: The prospects for global convergence in corporate governance and its implications
    • Coffee, John C., Jr., "The Future as History: The Prospects for Global Convergence in Corporate Governance and Its Implications," Northwestern University Law Review 93 (1999), 641.
    • (1999) Northwestern University Law Review , vol.93 , pp. 641
    • Coffee Jr., J.C.1
  • 22
    • 0038717214 scopus 로고    scopus 로고
    • An examination of the relationship of governance mechanisms to performance
    • Coles, Jerilyn W., Victoria B. McWilliams, and Nilanjan Sen, "An Examination of the Relationship of Governance Mechanisms to Performance," Journal of Management 27:1 (2001), 23-50.
    • (2001) Journal of Management , vol.27 , Issue.1 , pp. 23-50
    • Coles, J.W.1    McWilliams, V.B.2    Sen, N.3
  • 23
    • 0009921692 scopus 로고
    • Crane, Dwight B., Zvi Bodie, Andre F. Perold (Eds.), Boston: Harvard Business School Press
    • Crane, Dwight B., Zvi Bodie, and Andre F. Perold (Eds.), The Global Financial System: A Functional Perspective (Boston: Harvard Business School Press, 1995).
    • (1995) The Global Financial System: A Functional Perspective
  • 25
    • 84935941592 scopus 로고
    • The structure of corporate ownership: Causes and consequences
    • Demsetz, Harold, and Kenneth Lehn, "The Structure of Corporate Ownership: Causes and Consequences," The Journal of Political Economy 93:6 (1985), 1155-1177.
    • (1985) The Journal of Political Economy , vol.93 , Issue.6 , pp. 1155-1177
    • Demsetz, H.1    Lehn, K.2
  • 27
    • 32544432717 scopus 로고
    • The incorporation debate and state antitakeover statutes
    • Cambridge, MA Harvard University Press
    • Easterbrook, Frank H., and Daniel R. Fischel, "The Incorporation Debate and State Antitakeover Statutes" The Economic Structure of Corporate Law (Cambridge, MA Harvard University Press, 1991).
    • (1991) The Economic Structure of Corporate Law
    • Easterbrook, F.H.1    Fischel, D.R.2
  • 29
    • 0036255834 scopus 로고    scopus 로고
    • On theories explaining the success of the gravity equation
    • Evenett, Simon J., and Wolfgang Keller, "On Theories Explaining the Success of the Gravity Equation," The Journal of Political Economy 110:2 (2002), 281-316.
    • (2002) The Journal of Political Economy , vol.110 , Issue.2 , pp. 281-316
    • Evenett, S.J.1    Keller, W.2
  • 30
    • 32544455511 scopus 로고    scopus 로고
    • The effects of having an american parent: An analysis of the growth of u.s. multinational affiliates
    • Foley, C. Fritz, "The Effects of Having an American Parent: An Analysis of the Growth of U.S. Multinational Affiliates," Harvard Business School working paper (2002).
    • (2002) Harvard Business School Working Paper
    • Foley, C.F.1
  • 31
    • 0035555679 scopus 로고    scopus 로고
    • The occupational wages around the world data file
    • Freeman, Richard B., and Remco H. Oostendorp, "The Occupational Wages around the World Data File," International Labour Review 140:4 (2001), 379-401.
    • (2001) International Labour Review , vol.140 , Issue.4 , pp. 379-401
    • Freeman, R.B.1    Oostendorp, R.H.2
  • 32
    • 0000353081 scopus 로고    scopus 로고
    • Corporate governance proposals and shareholder activism: The role of institutional investors
    • Gillan, Stuart L., and Laura T. Starks, "Corporate Governance Proposals and Shareholder Activism: The Role of Institutional Investors," Journal of Financial Economics 57 (2000), 275-305.
    • (2000) Journal of Financial Economics , vol.57 , pp. 275-305
    • Gillan, S.L.1    Starks, L.T.2
  • 33
    • 0043194037 scopus 로고    scopus 로고
    • Globalization of corporate governance: Convergence of form or function
    • Gilson, Ronald J., "Globalization of Corporate Governance: Convergence of Form or Function," American Journal of Comparative Corporate Law 49, 329-357 (2001).
    • (2001) American Journal of Comparative Corporate Law , vol.49 , pp. 329-357
    • Gilson, R.J.1
  • 34
    • 0037856934 scopus 로고    scopus 로고
    • Corporate governance and globalization: Is there convergence across countries?
    • Guillén, Mauro F., "Corporate Governance and Globalization: Is There Convergence across Countries?" Advances in Comparative International Management 13 (2000), 175-204.
    • (2000) Advances in Comparative International Management , vol.13 , pp. 175-204
    • Guillén, M.F.1
  • 35
    • 0346250710 scopus 로고    scopus 로고
    • The end of history for corporate law
    • Hansmann, Henry, and Reinier Kraakman, "The End of History for Corporate Law," Georgetown Law Journal 89 (2001), 439-468.
    • (2001) Georgetown Law Journal , vol.89 , pp. 439-468
    • Hansmann, H.1    Kraakman, R.2
  • 36
    • 84937314069 scopus 로고
    • Top executive rewards and firm performance: A comparison of japan and the U.S
    • Kaplan, Steve, "Top Executive Rewards and Firm Performance: A Comparison of Japan and the U.S.," Journal of Political Economy, 102 (1994), 510.
    • (1994) Journal of Political Economy , vol.102 , pp. 510
    • Kaplan, S.1
  • 38
    • 10844233905 scopus 로고    scopus 로고
    • Globalization and convergence in corporate governance: Evidence from infosys and the indian software industry
    • Khanna, Tarun, and Krishna Palepu, "Globalization and Convergence in Corporate Governance: Evidence from Infosys and the Indian Software Industry," Journal of International Business Studies 35:6 (2004), 484-507.
    • (2004) Journal of International Business Studies , vol.35 , Issue.6 , pp. 484-507
    • Khanna, T.1    Palepu, K.2
  • 39
    • 2442556820 scopus 로고    scopus 로고
    • Disclosure practices of foreign companies interacting with U.S. markets
    • 2004
    • Khanna, Tarun, Krishna Palepu, and Suraj Srinivasan, 2004. "Disclosure Practices of Foreign Companies Interacting with U.S. Markets," Journal of Accounting Research 42:2 (2004), 475-508.
    • (2004) Journal of Accounting Research , vol.42 , Issue.2 , pp. 475-508
    • Khanna, T.1    Palepu, K.2    Srinivasan, S.3
  • 40
    • 0141534561 scopus 로고    scopus 로고
    • Global gadflies: Applications and implications of U.S.-style corporate governance abroad
    • Kissane, Mary E., "Global Gadflies: Applications and Implications of U.S.-Style Corporate Governance Abroad," New York Law Journal of International & Comparative Law 17 (1997), 621-675.
    • (1997) New York Law Journal of International & Comparative Law , vol.17 , pp. 621-675
    • Kissane, M.E.1
  • 41
    • 0000345931 scopus 로고
    • Predicting with networks: Nonparametric multiple regression analysis of dyadic data
    • Krackhardt, David, "Predicting with Networks: Nonparametric Multiple Regression Analysis of Dyadic Data," Social Networks 10 (1988), 359-381.
    • (1988) Social Networks , vol.10 , pp. 359-381
    • Krackhardt, D.1
  • 44
    • 77956864897 scopus 로고
    • International trade theory: The evidence
    • G. M. Grossman and K. Rogoff (Eds.), Amsterdam: Elsevier
    • Learner, E., and J. Levinsohn, "International Trade Theory: The Evidence," in G. M. Grossman and K. Rogoff (Eds.), Handbook of International Economics 3 (Amsterdam: Elsevier, 1995).
    • (1995) Handbook of International Economics , vol.3
    • Learner, E.1    Levinsohn, J.2
  • 46
    • 84977707554 scopus 로고
    • Presidential address: A simple model of capital market equilibrium with incomplete information
    • Merton, Robert C., "Presidential Address: A Simple Model of Capital Market Equilibrium with Incomplete Information," Journal of Finance 42 (1987), 483-510.
    • (1987) Journal of Finance , vol.42 , pp. 483-510
    • Merton, R.C.1
  • 49
    • 0002335404 scopus 로고
    • The economics of modern manufacturing
    • Milgrom, Paul, and John Roberts, "The Economics of Modern Manufacturing," American Economic Review 80 (1990), 511-528.
    • (1990) American Economic Review , vol.80 , pp. 511-528
    • Milgrom, P.1    Roberts, J.2
  • 50
    • 0001373089 scopus 로고    scopus 로고
    • The information content of stock markets: Why do emerging markets have synchro nous stock price movements?
    • Morck, Randall, Bernard Yeung, and Wayne Yu, "The Information Content of Stock Markets: Why Do Emerging Markets Have Synchro nous Stock Price Movements?" Journal of Financial Economics 58:1-2 (1999), 215-260.
    • (1999) Journal of Financial Economics , vol.58 , Issue.1-2 , pp. 215-260
    • Morck, R.1    Yeung, B.2    Yu, W.3
  • 52
    • 0028595845 scopus 로고
    • Economic performance through time
    • North, Douglass C., "Economic Performance through Time," The American Economic Review 84:3 (1994), 359-368.
    • (1994) The American Economic Review , vol.84 , Issue.3 , pp. 359-368
    • North, D.C.1
  • 53
    • 84858547527 scopus 로고    scopus 로고
    • Corporate governance in OECD member countries: Recent developments and trends
    • OECD, "Corporate Governance in OECD Member Countries: Recent Developments and Trends," OECD report (2000), http://www. oecd.org/daf/corporate-affairs/governance/.
    • (2000) OECD Report
  • 56
    • 0033888042 scopus 로고    scopus 로고
    • Law and finance in transition economies
    • Pistor, Katharina, Martin Raiser, and Stanislaw Geifer, "Law and Finance in Transition Economies," Economics of Transition 8:2 (2000), 325-368.
    • (2000) Economics of Transition , vol.8 , Issue.2 , pp. 325-368
    • Pistor, K.1    Raiser, M.2    Geifer, S.3
  • 57
    • 0026916527 scopus 로고
    • Capital disadvantage: America's falling capital investment system
    • Porter, M. E., "Capital Disadvantage: America's Falling Capital Investment System," Harvard Business Review 70:5 (1992), 65-82.
    • (1992) Harvard Business Review , vol.70 , Issue.5 , pp. 65-82
    • Porter, M.E.1
  • 58
    • 0000948683 scopus 로고
    • The rise of the political model of corporate governance and corporate control
    • Pound, John, 'The Rise of the Political Model of Corporate Governance and Corporate Control," New York University Law Review 68 (1993), 1003-1071.
    • (1993) New York University Law Review , vol.68 , pp. 1003-1071
    • Pound, J.1
  • 59
    • 0037633994 scopus 로고    scopus 로고
    • The great reversals: The politics of financial development in the 20th century
    • Rajan, Raghuram G., and Luigi Zingales, 'The Great Reversals: The Politics of Financial Development in the 20th Century," Journal of Financial Economics 69; 1 (2003), 5-50.
    • (2003) Journal of Financial Economics , vol.69 , Issue.1 , pp. 5-50
    • Rajan, R.G.1    Zingales, L.2
  • 60
    • 0034439031 scopus 로고    scopus 로고
    • Institutions for high quality growth: What they are and how to acquire them
    • Rodrik, Dani, "Institutions for High Quality Growth: What They Are and How to Acquire Them," Studies in Comparative International Development 35:3 (2000).
    • (2000) Studies in Comparative International Development , vol.35 , Issue.3
    • Rodrik, D.1
  • 61
    • 84925041689 scopus 로고    scopus 로고
    • Chaos and evolution in law and economics
    • Roe, Mark J., "Chaos and Evolution in Law and Economics," Harvard Law Review 109 (1996), 641-668.
    • (1996) Harvard Law Review , vol.109 , pp. 641-668
    • Roe, M.J.1
  • 63
    • 84936526527 scopus 로고
    • Increasing returns and long-run growth
    • Romer, Paul M., "Increasing Returns and Long-Run Growth," The Journal of Political Economy 94:5 (1986), 1002-1037.
    • (1986) The Journal of Political Economy , vol.94 , Issue.5 , pp. 1002-1037
    • Romer, P.M.1
  • 64
    • 0000387961 scopus 로고
    • International trade and the equalisation of factor prices
    • Samuelson, Haul, "International Trade and the Equalisation of Factor Prices," Economic Journal 58(1948), 163-184.
    • (1948) Economic Journal , vol.58 , pp. 163-184
    • Samuelson, H.1
  • 65
    • 85132195198 scopus 로고
    • An empirical study of selected factors influencing the decision to list on foreign stock exchanges
    • Saudagaran, Shahrokh, "An Empirical Study of Selected Factors Influencing the Decision to List on Foreign Stock Exchanges," Journal of International Business Studies 19:1 (1988), 101-127.
    • (1988) Journal of International Business Studies , vol.19 , Issue.1 , pp. 101-127
    • Saudagaran, S.1
  • 66
    • 0036921083 scopus 로고    scopus 로고
    • Path dependence, corporate governance and complementarity
    • Schmidt, Reinhard H., and Gerald Spindler, "Path Dependence, Corporate Governance and Complementarity," International Finance 5:3 (2002), 311-333.
    • (2002) International Finance , vol.5 , Issue.3 , pp. 311-333
    • Schmidt, R.H.1    Spindler, G.2
  • 67
    • 0001026456 scopus 로고    scopus 로고
    • A survey of corporate governance
    • Shleifer, Andrei, and Robert W. Vishny, "A Survey of Corporate Governance," Journal of Finance 52:2 (1997), 737-783.
    • (1997) Journal of Finance , vol.52 , Issue.2 , pp. 737-783
    • Shleifer, A.1    Vishny, R.W.2
  • 68
    • 12144259346 scopus 로고    scopus 로고
    • Can foreign firms bond themselves effectively by submitting to U.S. Law?
    • Siegel, Jordan I. "Can Foreign Firms Bond Themselves Effectively by Submitting to U.S. Law?" Journal of Financial Economics 75(2): 319-359.
    • Journal of Financial Economics , vol.75 , Issue.2 , pp. 319-359
    • Siegel, J.I.1
  • 69
    • 84959849294 scopus 로고
    • A contribution to the theory of economic growth
    • Solow, Robert M., "A Contribution to the Theory of Economic Growth," The Quarterly Journal of Economics 70:1 (1956), 65-94.
    • (1956) The Quarterly Journal of Economics , vol.70 , Issue.1 , pp. 65-94
    • Solow, R.M.1
  • 70
    • 0002529909 scopus 로고    scopus 로고
    • Nationality and ownership structures: The one hundred largest companies in six european nations
    • Thomsen, Steen, and Torben Pedersen, "Nationality and Ownership Structures: The one hundred Largest Companies in Six European Nations," Management International Review 36 (1996), 149-166.
    • (1996) Management International Review , vol.36 , pp. 149-166
    • Thomsen, S.1    Pedersen, T.2
  • 71
    • 0002424013 scopus 로고    scopus 로고
    • Corporate governance
    • Tirole, Jean, "Corporate Governance," Econometrica 69:1 (2001). 1-35.
    • (2001) Econometrica , vol.69 , Issue.1 , pp. 1-35
    • Tirole, J.1
  • 72
    • 0030499682 scopus 로고    scopus 로고
    • Globalization, convergence, and history
    • Williamson, Jeffrey G., "Globalization, Convergence, and History," The Journal of Economic History 56:2 (1996), 277-306.
    • (1996) The Journal of Economic History , vol.56 , Issue.2 , pp. 277-306
    • Williamson, J.G.1
  • 73
    • 84858548079 scopus 로고    scopus 로고
    • Corporate governance: A framework for implementation
    • World Bank, "Corporate Governance: A Framework for Implementation," World Bank paper (2001), http://www.worldbank.org.
    • (2001) World Bank Paper


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.