CCGG releases paper linking corporate governance and firm value

The Canadian Coalition for Good Governance yesterday released a paper prepared by Professor Anita Anand of the University of Toronto that examines the link between corporate governance and firm value. The paper reviews the academic literature and empirical research on the issue and concludes that, while the question of causation has yet to be fully answered, there is a statistically significant relationship between governance measures (such as those related to board composition, ownership structure and disclosure) and firm value.

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