Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments February 21, 2015 erstellt
Description:
We investigate how corporate governance affects the ability of firms to compete in international markets. Our empirical analysis draws on a variety of methods, including instrumental variable regressions, natural experiments and event studies. We find that firms subject to worse corporate governance are hurt more by the increase in foreign competition, especially so if they are less productive, located closer to foreign competitors, and face higher financial constraints