Corporate Governance, Competition and Performance

Mayer, Colin (1996) Corporate Governance, Competition and Performance. OECD Journal: Economic Studies, 27. pp. 7-34.

Abstract

Corporate governance has become a subject of active academic and policy debate throughout the world. In the United Kingdom and the United States, there is much discussion of the deficiencies of the market system in delivering effective governance. In continental Europe, there is a concern that existing systems of governance are stifling innovation and growth. In eastern Europe, privatisation has given way to questions about the way in which private enterprises should be governed. China is experimenting with forms of corporate governance which attempt to blend some of the features of market systems with state ownership of enterprises. Despite the intense debate, evidence on the effects of different governance systems is still sparse. Corporate governance has become a subject on which opinion has drowned fact. The purpose of this paper is to review what is known about the relation of corporate governance and corporate performance.

Item Type: Article
Keywords: corporate governance; policy;
Subject(s): Finance
Centre: Faculty of Finance
Date Deposited: 12 Mar 2012 10:35
Last Modified: 23 Oct 2015 14:06
URI: http://eureka.sbs.ox.ac.uk/id/eprint/2562

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