3-1-2013 Methods for Multicountry Studies of Corporate Governance ( and Evidence from the BRIKT Countries )

@inproceedings{Black2013312013MF,
  title={3-1-2013 Methods for Multicountry Studies of Corporate Governance ( and Evidence from the BRIKT Countries )},
  author={Bernard Black and Ant{\'o}nio Carvalho},
  year={2013}
}
We discuss the perils in multicountry studies of corporate governance (CG), focusing on emerging markets. The existing studies are massively multicountry studies, which cover many firms across many countries, but rely on the same limited governance elements in each countries, have few firm-level control variables, and use pure-cross-sectional data. This paper discusses the severe data and construct validity issues in these studies, proposes methods to respond to those issues, and applies those… CONTINUE READING

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