Corpus ID: 17223766

Does Changing Corporate Governance Alone Result in Better Firm Performance

  title={Does Changing Corporate Governance Alone Result in Better Firm Performance},
  author={N. K. Chidambaran and Darius Palia and Yudan Zheng},
An important public policy issue actively debated in the financial economics literature is whether firms can increase their value solely by changing one or more corporate governance mechanisms. In this paper, we directly examine whether changing governance leads to changes in future firm performance. Specifically, we analyze a sample of firms that instituted governance changes and sort them based on the direction of their governance changes for thirteen different governance measures. We focus… Expand

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