Globalization and Similarities in Corporate Governance:

A Cross-Country Analysis

ArXiv ID: ssrn-323621 “View on arXiv”

Authors: Unknown

Abstract

Some scholars have argued that globalization should pressure firms to adopt a common set of the most efficient corporate governance practices, while others main

Keywords: Globalization, Corporate Governance Standards, Market Efficiency, Institutional Theory, Asset Class: Equities

Complexity vs Empirical Score

• Math Complexity: 1.0/10
• Empirical Rigor: 7.0/10
• Quadrant: Street Traders
• Why: The paper focuses on statistical analysis of governance data across countries using methods like regression and correlations, requiring significant data collection but lacking advanced mathematical derivations.

  flowchart TD
    A["Research Question<br>Does globalization drive convergence<br>in corporate governance practices?"] --> B["Methodology<br>Cross-country panel regression<br>on governance scores"]
    B --> C["Data & Inputs<br>Global governance indices<br>and trade/financial integration metrics"]
    C --> D["Computational Process<br>Control for institutional quality<br>and country heterogeneity"]
    D --> E{"Key Findings"}
    E --> F["Convergence in boards<br>but not ownership structures"]
    E --> G["Market forces (foreign ownership)<br>effectively substitute for legal gaps"]