| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6096 |
| DP6096 Endogenous Capacities and Price Competition: The Role of Demand Uncertainty | |
| Natalia Fabra; Maria-Angeles de Frutos | |
| 发表日期 | 2007-02-14 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | For a large number of companies from different countries, we analyze how company corporate governance practices and country regulatory regimes interact in terms of company valuation. We confirm that corporate governance plays a crucial role in efficient company monitoring and shareholder protection, and consequently positively impacts valuation. We find substitution in valuation impact between corporate governance measures at the company and country level, with a possibility of over-regulation. Corporate governance appears also more valuable for companies that rely heavily on external financing, consistent with the hypothesis that corporate governance main role is to protect external financiers. |
| 主题 | Financial Economics |
| 关键词 | Company valuation Corporate governance practices Regulatory regimes |
| URL | https://cepr.org/publications/dp6096 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/534935 |
| 推荐引用方式 GB/T 7714 | Natalia Fabra,Maria-Angeles de Frutos. DP6096 Endogenous Capacities and Price Competition: The Role of Demand Uncertainty. 2007. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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