What Matters in Corporate Governance?

A. Bebchuk, Lucian; Cohen, Alma; Ferrell, Allen

doi:10.1093/rfs/hhn099

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What Matters in Corporate Governance?

Published in Review of Financial Studies • Nov 27, 2008

Authors:

Lucian A. Bebchuk

Alma Cohen

Allen Ferrell

Abstract

We investigate the relative importance of the twenty-four provisions followed by the Investor Responsibility Research Center (IRRC) and included in the Gompers, Ishii, and Metrick governance index (Gompers, Ishii, and Metrick 2003). We put forward an entrenchment index based on six provisions: stagg...

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Corporate governance

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