{"id":"https://openalex.org/W2846967407","doi":"https://doi.org/10.22495/cocv10i3siart3","title":"Corporate governance and shareholder value in listed firms: An empirical analysis in five countries (France, Italy, Japan, UK, USA)","display_name":"Corporate governance and shareholder value in listed firms: An empirical analysis in five countries (France, Italy, Japan, UK, USA)","publication_year":2013,"publication_date":"2013-01-01","ids":{"openalex":"https://openalex.org/W2846967407","doi":"https://doi.org/10.22495/cocv10i3siart3","mag":"2846967407"},"language":"en","primary_location":{"id":"doi:10.22495/cocv10i3siart3","doi":"https://doi.org/10.22495/cocv10i3siart3","is_oa":true,"landing_page_url":"https://doi.org/10.22495/cocv10i3siart3","pdf_url":"https://mpra.ub.uni-muenchen.de/45422/1/MPRA_paper_45422.pdf","source":{"id":"https://openalex.org/S2798341630","display_name":"Corporate Ownership and Control","issn_l":"1727-9232","issn":["1727-9232","1810-0368","1810-3057"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core","erih-plus","norway-1","vabb-shw"],"host_organization":"https://openalex.org/P4310322050","host_organization_name":"Publishing house \"Virtus Interpress\"","host_organization_lineage":["https://openalex.org/P4310322050"],"host_organization_lineage_names":["Publishing house \"Virtus Interpress\""],"type":"journal"},"license":"cc-by-nc","license_id":"https://openalex.org/licenses/cc-by-nc","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Corporate Ownership and Control","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"hybrid","oa_url":"https://mpra.ub.uni-muenchen.de/45422/1/MPRA_paper_45422.pdf","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5010482995","display_name":"Barbara Monda","orcid":"https://orcid.org/0000-0002-8344-0081","observed_orcids":["https://orcid.org/0000-0002-8344-0081"]},"institutions":[{"id":"https://openalex.org/I93860229","display_name":"Politecnico di Milano","ror":"https://ror.org/01nffqt88","country_code":"IT","type":"education","lineage":["https://openalex.org/I93860229"]}],"countries":["IT"],"is_corresponding":true,"raw_author_name":"Barbara Monda","raw_affiliation_strings":["RiskGovernance - Politecnico di Milano, Management, Economics and Industrial Engineering Department, Piazza Leonardo da Vinci, 32, Milano, 20133, Italy"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"RiskGovernance - Politecnico di Milano, Management, Economics and Industrial Engineering Department, Piazza Leonardo da Vinci, 32, Milano, 20133, Italy","institution_ids":["https://openalex.org/I93860229"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5058967277","display_name":"Marco Giorgino","orcid":"https://orcid.org/0000-0002-8215-4948","observed_orcids":["https://orcid.org/0000-0002-8215-4948"]},"institutions":[{"id":"https://openalex.org/I93860229","display_name":"Politecnico di Milano","ror":"https://ror.org/01nffqt88","country_code":"IT","type":"education","lineage":["https://openalex.org/I93860229"]}],"countries":["IT"],"is_corresponding":false,"raw_author_name":"Marco Giorgino","raw_affiliation_strings":["Polytechnic University of Milan, vial Lambruschini 4B, Milan, Milan 20156, Italy"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Polytechnic University of Milan, vial Lambruschini 4B, Milan, Milan 20156, Italy","institution_ids":["https://openalex.org/I93860229"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5010482995"],"corresponding_institution_ids":["https://openalex.org/I93860229"],"apc_list":null,"apc_paid":null,"fwci":1.6517,"has_fulltext":true,"cited_by_count":12,"citation_normalized_percentile":{"value":0.88692968,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":96},"biblio":{"volume":"10","issue":"3","first_page":"36","last_page":"50"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9965999722480774,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9965999722480774,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13957","display_name":"Corporate Governance and Financial Management","score":0.0020000000949949026,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T14102","display_name":"Corporate Governance and Law","score":0.0003000000142492354,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/corporate-governance","display_name":"corporate governance","score":0.9729999899864197},{"id":"https://openalex.org/keywords/shareholder-value","display_name":"shareholder value","score":0.9890000224113464},{"id":"https://openalex.org/keywords/firm-value","display_name":"firm value","score":0.9070000052452087},{"id":"https://openalex.org/keywords/corporate-governance-index","display_name":"corporate governance index","score":0.9070000052452087},{"id":"https://openalex.org/keywords/board-of-directors","display_name":"board of directors","score":0.8190000057220459},{"id":"https://openalex.org/keywords/executive-compensation","display_name":"executive compensation","score":0.9390000104904175},{"id":"https://openalex.org/keywords/shareholder-rights","display_name":"shareholder rights","score":0.9990000128746033},{"id":"https://openalex.org/keywords/corporate-disclosure","display_name":"corporate disclosure","score":0.8259999752044678},{"id":"https://openalex.org/keywords/listed-companies","display_name":"listed companies","score":0.7720000147819519},{"id":"https://openalex.org/keywords/cross-national-comparison","display_name":"cross-national comparison","score":0.9369999766349792}],"concepts":[{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.874914824962616},{"id":"https://openalex.org/C2777488495","wikidata":"https://www.wikidata.org/wiki/Q1742093","display_name":"Remuneration","level":2,"score":0.7419941425323486},{"id":"https://openalex.org/C120757647","wikidata":"https://www.wikidata.org/wiki/Q381136","display_name":"Shareholder","level":3,"score":0.6866028308868408},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.681839108467102},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.6647859811782837},{"id":"https://openalex.org/C2777382242","wikidata":"https://www.wikidata.org/wiki/Q6017816","display_name":"Index (typography)","level":2,"score":0.61286461353302},{"id":"https://openalex.org/C198531522","wikidata":"https://www.wikidata.org/wiki/Q485146","display_name":"Sample (material)","level":2,"score":0.49587926268577576},{"id":"https://openalex.org/C2779093199","wikidata":"https://www.wikidata.org/wiki/Q338010","display_name":"Shareholder value","level":4,"score":0.48622384667396545},{"id":"https://openalex.org/C2776291640","wikidata":"https://www.wikidata.org/wiki/Q2912517","display_name":"Value (mathematics)","level":2,"score":0.462126225233078},{"id":"https://openalex.org/C121087249","wikidata":"https://www.wikidata.org/wiki/Q546395","display_name":"Emerging markets","level":2,"score":0.4347064197063446},{"id":"https://openalex.org/C23032112","wikidata":"https://www.wikidata.org/wiki/Q1344727","display_name":"Enterprise value","level":2,"score":0.43138957023620605},{"id":"https://openalex.org/C33676613","wikidata":"https://www.wikidata.org/wiki/Q13415176","display_name":"Dimension (graph theory)","level":2,"score":0.4196828007698059},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.1884627640247345},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.0851736068725586},{"id":"https://openalex.org/C202444582","wikidata":"https://www.wikidata.org/wiki/Q837863","display_name":"Pure mathematics","level":1,"score":0.0},{"id":"https://openalex.org/C185592680","wikidata":"https://www.wikidata.org/wiki/Q2329","display_name":"Chemistry","level":0,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.0},{"id":"https://openalex.org/C43617362","wikidata":"https://www.wikidata.org/wiki/Q170050","display_name":"Chromatography","level":1,"score":0.0},{"id":"https://openalex.org/C136764020","wikidata":"https://www.wikidata.org/wiki/Q466","display_name":"World Wide Web","level":1,"score":0.0}],"mesh":[],"locations_count":9,"locations":[{"id":"doi:10.22495/cocv10i3siart3","doi":"https://doi.org/10.22495/cocv10i3siart3","is_oa":true,"landing_page_url":"https://doi.org/10.22495/cocv10i3siart3","pdf_url":"https://mpra.ub.uni-muenchen.de/45422/1/MPRA_paper_45422.pdf","source":{"id":"https://openalex.org/S2798341630","display_name":"Corporate Ownership and Control","issn_l":"1727-9232","issn":["1727-9232","1810-0368","1810-3057"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core","erih-plus","norway-1","vabb-shw"],"host_organization":"https://openalex.org/P4310322050","host_organization_name":"Publishing house \"Virtus Interpress\"","host_organization_lineage":["https://openalex.org/P4310322050"],"host_organization_lineage_names":["Publishing house \"Virtus Interpress\""],"type":"journal"},"license":"cc-by-nc","license_id":"https://openalex.org/licenses/cc-by-nc","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Corporate Ownership and Control","raw_type":"journal-article"},{"id":"doi:10.2139/ssrn.2227184","doi":"https://doi.org/10.2139/ssrn.2227184","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.2227184","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},{"id":"pmh:oai::45422","doi":null,"is_oa":false,"landing_page_url":"https://mpra.ub.uni-muenchen.de/45422/1/MPRA_paper_45422.pdf","pdf_url":"https://mpra.ub.uni-muenchen.de/45422/1/MPRA_paper_45422.pdf","source":{"id":"https://openalex.org/S4306400553","display_name":"Munich Personal RePEc Archive (Ludwig Maximilian University of Munich)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I8204097","host_organization_name":"Ludwig-Maximilians-Universit\u00e4t M\u00fcnchen","host_organization_lineage":["https://openalex.org/I8204097"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":"","raw_type":"MPRA Paper"},{"id":"pmh:oai::45429","doi":null,"is_oa":false,"landing_page_url":"https://mpra.ub.uni-muenchen.de/45429/1/MPRA_paper_45422.pdf","pdf_url":"https://mpra.ub.uni-muenchen.de/45429/1/MPRA_paper_45422.pdf","source":{"id":"https://openalex.org/S4306400553","display_name":"Munich Personal RePEc Archive (Ludwig Maximilian University of Munich)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I8204097","host_organization_name":"Ludwig-Maximilians-Universit\u00e4t M\u00fcnchen","host_organization_lineage":["https://openalex.org/I8204097"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":"","raw_type":"MPRA Paper"},{"id":"pmh:oai:RePEc:pra:mprapa:45422","doi":null,"is_oa":false,"landing_page_url":"https://mpra.ub.uni-muenchen.de/45422/1/MPRA_paper_45422.pdf","pdf_url":"https://mpra.ub.uni-muenchen.de/45422/1/MPRA_paper_45422.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"mag:2846967407","doi":null,"is_oa":false,"landing_page_url":"https://econpapers.repec.org/RePEc:pra:mprapa:45422","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null},{"id":"mag:3151714773","doi":null,"is_oa":false,"landing_page_url":"https://ideas.repec.org/p/pra/mprapa/45422.html","pdf_url":null,"source":{"id":"https://openalex.org/S4306400553","display_name":"Munich Personal RePEc Archive (Ludwig Maximilian University of Munich)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I8204097","host_organization_name":"Ludwig-Maximilians-Universit\u00e4t M\u00fcnchen","host_organization_lineage":["https://openalex.org/I8204097"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"MPRA Paper","raw_type":null},{"id":"pmh:oai:re.public.polimi.it:11311/714145","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/11311/714145","pdf_url":null,"source":{"id":"https://openalex.org/S4306400312","display_name":"Virtual Community of Pathological Anatomy (University of Castilla La Mancha)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I79189158","host_organization_name":"University of Castilla-La Mancha","host_organization_lineage":["https://openalex.org/I79189158"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"info:eu-repo/semantics/conferenceObject"},{"id":"pmh:oai:re.public.polimi.it:11311/722158","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/11311/722158","pdf_url":null,"source":{"id":"https://openalex.org/S4306400312","display_name":"Virtual Community of Pathological Anatomy (University of Castilla La Mancha)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I79189158","host_organization_name":"University of Castilla-La Mancha","host_organization_lineage":["https://openalex.org/I79189158"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"info:eu-repo/semantics/article"}],"best_oa_location":{"id":"doi:10.22495/cocv10i3siart3","doi":"https://doi.org/10.22495/cocv10i3siart3","is_oa":true,"landing_page_url":"https://doi.org/10.22495/cocv10i3siart3","pdf_url":"https://mpra.ub.uni-muenchen.de/45422/1/MPRA_paper_45422.pdf","source":{"id":"https://openalex.org/S2798341630","display_name":"Corporate Ownership and Control","issn_l":"1727-9232","issn":["1727-9232","1810-0368","1810-3057"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core","erih-plus","norway-1","vabb-shw"],"host_organization":"https://openalex.org/P4310322050","host_organization_name":"Publishing house \"Virtus Interpress\"","host_organization_lineage":["https://openalex.org/P4310322050"],"host_organization_lineage_names":["Publishing house \"Virtus Interpress\""],"type":"journal"},"license":"cc-by-nc","license_id":"https://openalex.org/licenses/cc-by-nc","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Corporate Ownership and Control","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2846967407.pdf","grobid_xml":"https://content.openalex.org/works/W2846967407.grobid-xml"},"referenced_works_count":39,"referenced_works":["https://openalex.org/W1560342694","https://openalex.org/W1567448068","https://openalex.org/W1591601341","https://openalex.org/W1977528366","https://openalex.org/W1989029211","https://openalex.org/W1991795148","https://openalex.org/W2000578291","https://openalex.org/W2015467028","https://openalex.org/W2044647853","https://openalex.org/W2047647742","https://openalex.org/W2069483109","https://openalex.org/W2074132263","https://openalex.org/W2076109600","https://openalex.org/W2095990883","https://openalex.org/W2115871647","https://openalex.org/W2118978278","https://openalex.org/W2127157676","https://openalex.org/W2129123189","https://openalex.org/W2135241016","https://openalex.org/W2160860931","https://openalex.org/W2260044815","https://openalex.org/W2297613508","https://openalex.org/W3021889044","https://openalex.org/W3121131820","https://openalex.org/W3121138962","https://openalex.org/W3121202961","https://openalex.org/W3121768109","https://openalex.org/W3121835489","https://openalex.org/W3123504461","https://openalex.org/W3123748565","https://openalex.org/W3123861620","https://openalex.org/W3124631106","https://openalex.org/W3125217200","https://openalex.org/W3126018468","https://openalex.org/W4233420185","https://openalex.org/W4237866076","https://openalex.org/W4251380393","https://openalex.org/W6990243675","https://openalex.org/W7213231192"],"related_works":["https://openalex.org/W2801622778","https://openalex.org/W3125509431","https://openalex.org/W1863557857","https://openalex.org/W3121768109","https://openalex.org/W1905633048","https://openalex.org/W4250223120","https://openalex.org/W1127594903","https://openalex.org/W7126156588","https://openalex.org/W2807374330","https://openalex.org/W264032180"],"abstract_inverted_index":{"In":[0],"this":[1],"paper,":[2],"we":[3,49,91],"design":[4],"a":[5,51,71,100,112],"multi-dimensional":[6],"index":[7,53],"to":[8,22,60],"measure":[9],"the":[10,24,38,79,93,97],"quality":[11,29],"of":[12,44,56,73,96,99,114],"Corporate":[13,27,107],"Governance":[14,28,45],"systems":[15],"adopted":[16],"by":[17,111],"firms":[18],"and":[19,30,46,67,102,117],"use":[20],"it":[21],"investigate":[23],"correlation":[25],"between":[26,40,106],"firm":[31,47,118],"value.":[32,119],"Unlike":[33],"most":[34],"studies":[35],"that":[36],"examine":[37],"relationship":[39,105],"only":[41],"one":[42],"dimension":[43],"value,":[48],"present":[50],"complex":[52],"(CGI)":[54],"composed":[55],"39":[57],"variables":[58],"referable":[59],"four":[61],"dimensions:":[62],"Board,":[63],"Remuneration,":[64],"Shareholder":[65],"Rights":[66],"Disclosure.":[68],"By":[69],"analysing":[70],"sample":[72],"100":[74],"large":[75],"companies":[76],"listed":[77],"on":[78],"main":[80],"stock":[81],"markets":[82],"in":[83],"five":[84],"different":[85],"countries":[86],"over":[87],"three":[88],"years":[89],"(2009-2011),":[90],"confirm":[92],"widespread":[94],"hypothesis":[95],"existence":[98],"positive":[101],"statistically":[103],"significant":[104],"Governance,":[108],"as":[109],"measured":[110],"subset":[113],"12":[115],"variables,":[116]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":3},{"year":2022,"cited_by_count":1},{"year":2020,"cited_by_count":2},{"year":2018,"cited_by_count":1},{"year":2016,"cited_by_count":1},{"year":2015,"cited_by_count":1},{"year":2014,"cited_by_count":1}],"updated_date":"2026-11-09T13:22:03.289127","created_date":"2018-07-19T00:00:00"}
