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Political Determinants of Corporate GovernancePolitical Context, Corporate Impact$
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Mark J. Roe

Print publication date: 2006

Print ISBN-13: 9780199205301

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780199205301.001.0001

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Its Limits: Data

Its Limits: Data

Chapter:
(p.183) Chapter 25 Its Limits: Data
Source:
Political Determinants of Corporate Governance
Author(s):

Mark J. Joe

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199205301.003.0026

This chapter presents the data regarding the quality of corporate law. It shows that several nations in the wealthy West have strong corporate law protections but weak ownership protection. It also notes that many poorer nations gave decrepit corporate law institutions. When either contract or basic corporate law becomes satisfactory, then whether a nation builds on what it has becomes a question of whether the underlying politics and the underlying potential for low managerial agency costs to shareholders make it profitable for the players to do so.

Keywords:   quality, good corporate institutions, weak separation, control blocks

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