Corporate Governance and the Returns on Investment*

By Klaus Gugler, Dennis C. Mueller, B. Yurtoglu, Peter, Yurtoglu, B. Burcin. Journal law and economy, 2004

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Insider ownership, ownership concentration and investment performance: An international comparison (2008, result): “Several subsequent studies reported similar up/down/up relationships between performance and ownership concentration (Cho,1998; Short and Keasey,1999; Cosh et al., 2001; Gugler et al., 2004).”
Determinants of corporate financial performance relating to board characteristics of corporate governance in Indian manufacturing industry: An empirical study (2017, background): “4 The study measure the independence of a board as percentage of independent directors on a board and is expected to have a positive relationship with firm performance Hermalin and Weisbach (1991), Bhagat and Black (2002)”
Transparency and Disclosure Scores and their Determinants in the Istanbul Stock Exchange (2006, unknown): “Parallel to these developments, there has been a proliferation of country-level (La Porta et al ., 1997; Shleifer and Wolfenzon, 2000; Gugler et al ., 2004) and firm-level (see for example, Ashbaugh et al ., 2004; Brown and Caylor, 2004) evidence that better CG practices are associated with lower…”