The Promise and Peril of Corporate Governance Indices

By Sanjai Bhagat, Brian J. Bolton, R. Romano. 2007

337 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/c2cff7d9e3c0e6b321e57917801ff830fa69eee2

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Citations in the corpus

Corporate‐Governance Ratings and Company Performance: A Cross‐European Study (2010, neutral): “However, they disagree on the impact of corporate-governance ratings on accounting measures (Black et al., 2006; Klapper & Love, 2004). Regarding developed countries, the findings are even more contradictory. In a US setting, Gompers et al. (2001) documents a strong correlation between anti-takeover”
Integration of Micro and Macro Studies in Governance Research: CEO Duality, Board Composition, and Financial Performance (2011, background): “There is an extensive body of multidisciplinary research and commentary addressing the issue of board composition and firm financial performance (e.g., Bhagat et al., 2008; Dalton, Daily, Ellstrand, & Johnson, 1998; Dalton et al., 2008; Walsh & Seward, 1990).”
The Credit Crisis Around the Globe: Why Did Some Banks Perform Better? (2012, neutral): “4 The literature has also questioned whether governance indices measure the right governance attributes (see, for instance, Bhagat, Bolton, and Romano (2008)).”
Corporate governance practices in emerging markets: The case of GCC countries (2014, background): “Bhagat et al. (2007) document that this intensified interest in CG has accelerated the creation of governance indices by firms that have institutional investors as their primary focus as these investors will rate a company's governance quality on the basis of these indices.”
Corporate Governance and Firm-Specific Stock Price Crashes (2016, neutral): “…investigation using a broad set of governance attributes which provides a more appealing and credible approach [Ashbaugh-Skaife et al. (2006); Bhagat et al. (2008); Bebchuk et al. (2009)] and enables us to measure the overall quality of a firm’s governance system and ascertain which are the…”
Rating the Ratings: How Good are Commercial Governance Ratings? (2010, background): “Brown and Caylor (2006) examine the relationship between Tobin’s Q and an index created from 51 governance variables collected by ISS (and identified as important elements of ISS’s rating). Their index is simply the sum of a variety of indicator variables that ISS considers consistent with good gove”
The Market Reaction to Corporate Governance Regulation (2010, neutral): “3 See, among others, Bhagat and Jefferis (2005), Core, Guay, and Rusticus (2006), Larcker, Richardson, and Tuna (2007), Bhagat, Bolton, and Romano (2008), and Johnson, Moorman, and Sorescu (2009).”