Corporate Law and Corporate Governance
What Matters in Corporate Governance?
Lucian A. Bebchuk, Alma Cohen, and Allen Ferrell
- Year
- 2009
- Venue
- Review of Financial Studies
- Level
- Advanced
Summary
Reassesses broad governance indices by isolating six entrenchment provisions with the strongest association to firm value and stock returns. The paper proposes an entrenchment index and shows that these provisions carry much of the explanatory power attributed to larger governance measures.
Citation
Lucian A. Bebchuk, Alma Cohen, and Allen Ferrell. "What Matters in Corporate Governance?." Review of Financial Studies, 2009.
DOI: 10.1093/rfs/hhn099
BibTeX
@article{Bebchuk2009What,
title = {What Matters in Corporate Governance?},
author = {Lucian A. Bebchuk, Alma Cohen, and Allen Ferrell},
year = {2009},
journal = {Review of Financial Studies},
doi = {10.1093/rfs/hhn099},
url = {https://doi.org/10.1093/rfs/hhn099}
}