Is corporate governance relevant during the financial crisis ?

@inproceedings{Guptaa2016IsCG,
  title={Is corporate governance relevant during the financial crisis ?},
  author={Kartick Guptaa and Chandrasekhar Krishnamurtib and Alireza Tourani-Rada},
  year={2016}
}
  • Kartick Guptaa, Chandrasekhar Krishnamurtib, Alireza Tourani-Rada
  • Published 2016
We study the impact of internal corporate governance on performance during the current financial crisis for a comprehensive cross-country sample of 4046 publicly traded non-financial firms from the U.S. and 22 developed countries. Using a broad-based index of corporate governance quality, we find that well governed firms do not outperform poorly governed firms. We explore three potential explanations for the lack of significant impact of corporate governance quality on performance. First, we… CONTINUE READING