Does Good Governance Matter to Institutional Investors? Evidence from the Enactment of Corporate Governance Guidelines

Corporate governance guidelines are a mechanism that a firm can enact which should reduce agency costs and better align the interests of boards and the suppliers of capital. This study examines stock price reactions primarily attributable to institutional investors occurring when corporations announ...

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Bibliographic Details
Authors: Picou, Armand (Author) ; Rubach, Michael J. (Author)
Format: Electronic Article
Language:English
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Published: Springer 2006
In: Journal of business ethics
Year: 2006, Volume: 65, Issue: 1, Pages: 55-67
Further subjects:B Transparency
B corporate governance guidelines
B Institutional investors
Online Access: Volltext (JSTOR)
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