Bridge over ocean
1 December 1994 Research Foundation

Corporate Governance and Firm Performance

  1. Jonathan Karpoff
  2. M. Wayne Marr
  3. Morris G. Danielson
Corporate Governance and Firm Performance View the full book (PDF)

Many studies indicate that a company's stock price decreases when the company adds restrictions regarding corporate governance to its chapter or bylaws. The authors of this monograph analyzed the effect of 20 different governance provisions and report that companies with the fewest restrictive provisions in their industries have the best industry-adjusted performance.

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