Arbeitspapier
Foreign Ownership and the Enforcement of Corporate Governance Reforms
This study examines whether a stronger corporate governance enforcement regime influences the investment decisions of foreign portfolio investors in an emerging market context. Using a natural experiment provided by an Indian corporate governance regulatory reform introduced in 2000, but for which stricter sanctions for non-compliance were imposed in 2004 our results provide strong evidence that governance reforms that include stricter sanctions for non-compliance lead to higher foreign ownership. In the context of prevalence of weak enforcement (of existing regulations) in emerging markets, this study provides empirical support to the notion that strictly enforcing the existing governance regulations has the potential to attract higher level of foreign investment. The results suggest that policy measures aimed at attracting foreign investors in emerging markets should not only concentrate on adopting the best international corporate governance practices but should also signal strong enforcement of these regulations by assigning significant penalties for non-compliance
- Sprache
-
Englisch
- Erschienen in
-
Series: QMS Research Paper ; No. 2021/02
- Klassifikation
-
Wirtschaft
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Bhatta, Bibek
Marshall, Andrew P.
Neupane-Joshi, Suman
Thapa, Chandra
- Ereignis
-
Veröffentlichung
- (wer)
-
Queen's University Belfast, Queen's Management School
- (wo)
-
Belfast
- (wann)
-
2021
- DOI
-
doi:10.2139/ssrn.3775422
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Bhatta, Bibek
- Marshall, Andrew P.
- Neupane-Joshi, Suman
- Thapa, Chandra
- Queen's University Belfast, Queen's Management School
Entstanden
- 2021
Ähnliche Objekte (12)
Institutional investors, corporate ownership and corporate governance: Global perspectives
Family ownership, corporate governance and risk-taking
Insider ownership, shareholder structures and corporate governance
Ownership and corporate governance : an international review and outlook
Corporate governance enforcement : mit einem Beitrag zur allgemeinen zivilrechtlichen Informationshaftung
Corporate Governance Reforms in Japan: Instilling the New Regime
Behavioral effects of corporate governance reforms and their legal implications
Ownership structure, corporate governance and enterprise performance : empirical results for Ukraine
Corporate governance rating and ownership structure in the case of Turkey
Foreign ownership in Finland: Boosting firm performance and changing corporate governance
The ownership structure as a corporate governance mechanism in Serbian hotels
Postprivatization Corporate Governance: the Role of Ownership Structure and Investor Protection
Institutional investors, corporate ownership and corporate governance: Global perspectives
Family ownership, corporate governance and risk-taking
Insider ownership, shareholder structures and corporate governance
Ownership and corporate governance : an international review and outlook
Corporate governance enforcement : mit einem Beitrag zur allgemeinen zivilrechtlichen Informationshaftung
Corporate Governance Reforms in Japan: Instilling the New Regime
Behavioral effects of corporate governance reforms and their legal implications
Ownership structure, corporate governance and enterprise performance : empirical results for Ukraine
Corporate governance rating and ownership structure in the case of Turkey
Foreign ownership in Finland: Boosting firm performance and changing corporate governance
The ownership structure as a corporate governance mechanism in Serbian hotels
Postprivatization Corporate Governance: the Role of Ownership Structure and Investor Protection
Institutional investors, corporate ownership and corporate governance: Global perspectives
Family ownership, corporate governance and risk-taking
Insider ownership, shareholder structures and corporate governance
Ownership and corporate governance : an international review and outlook
Corporate governance enforcement : mit einem Beitrag zur allgemeinen zivilrechtlichen Informationshaftung
Corporate Governance Reforms in Japan: Instilling the New Regime
Behavioral effects of corporate governance reforms and their legal implications
Ownership structure, corporate governance and enterprise performance : empirical results for Ukraine
Corporate governance rating and ownership structure in the case of Turkey
Foreign ownership in Finland: Boosting firm performance and changing corporate governance
The ownership structure as a corporate governance mechanism in Serbian hotels