Matches in SemOpenAlex for { <https://semopenalex.org/work/W2078534410> ?p ?o ?g. }
- W2078534410 abstract "We construct a governance index based on several attributes known to be associated with good corporate governance. After checking that the index is positively associated with standard indicators of firm performance, we use it to evaluate the returns on governance-sorted portfolios. Our main finding is that poorly governed firms significantly outperform better-governed firms. However, this result derives from the greater risk exposure of poorly governed firms. After adjusting for size and book-to-market, excess returns become insignificant across all portfolios. We verify that neither the sample period nor the behavior of specific industries is responsible for this outcome. Consistent with market efficiency, stock prices appear to fairly reflect the higher (lower) risk associated with poor (good) corporate governance." @default.
- W2078534410 created "2016-06-24" @default.
- W2078534410 creator A5036683357 @default.
- W2078534410 creator A5037042074 @default.
- W2078534410 date "2009-01-01" @default.
- W2078534410 modified "2023-10-16" @default.
- W2078534410 title "Do Stock Prices Reflect the Corporate Governance Quality of Japanese Firms?" @default.
- W2078534410 cites W1492042695 @default.
- W2078534410 cites W1496575647 @default.
- W2078534410 cites W1550980052 @default.
- W2078534410 cites W1559514472 @default.
- W2078534410 cites W1606272114 @default.
- W2078534410 cites W1946664515 @default.
- W2078534410 cites W1979927021 @default.
- W2078534410 cites W1993300609 @default.
- W2078534410 cites W1995834279 @default.
- W2078534410 cites W2015800048 @default.
- W2078534410 cites W2034638408 @default.
- W2078534410 cites W2037832385 @default.
- W2078534410 cites W2038224101 @default.
- W2078534410 cites W2066258297 @default.
- W2078534410 cites W2074132263 @default.
- W2078534410 cites W2097129628 @default.
- W2078534410 cites W2133897956 @default.
- W2078534410 cites W2136315417 @default.
- W2078534410 cites W2144470805 @default.
- W2078534410 cites W2147153253 @default.
- W2078534410 cites W2149894419 @default.
- W2078534410 cites W2161553400 @default.
- W2078534410 cites W2253171345 @default.
- W2078534410 cites W2752617332 @default.
- W2078534410 cites W2891267478 @default.
- W2078534410 cites W3121131820 @default.
- W2078534410 cites W3121202961 @default.
- W2078534410 cites W3121693921 @default.
- W2078534410 cites W3121768109 @default.
- W2078534410 cites W3121824878 @default.
- W2078534410 cites W3121835489 @default.
- W2078534410 cites W3122017943 @default.
- W2078534410 cites W3122954150 @default.
- W2078534410 cites W3123826726 @default.
- W2078534410 cites W3123861620 @default.
- W2078534410 cites W3124707302 @default.
- W2078534410 cites W3126123465 @default.
- W2078534410 cites W2048158235 @default.
- W2078534410 doi "https://doi.org/10.2139/ssrn.1458925" @default.
- W2078534410 hasPublicationYear "2009" @default.
- W2078534410 type Work @default.
- W2078534410 sameAs 2078534410 @default.
- W2078534410 citedByCount "2" @default.
- W2078534410 countsByYear W20785344102013 @default.
- W2078534410 crossrefType "journal-article" @default.
- W2078534410 hasAuthorship W2078534410A5036683357 @default.
- W2078534410 hasAuthorship W2078534410A5037042074 @default.
- W2078534410 hasConcept C10138342 @default.
- W2078534410 hasConcept C106159729 @default.
- W2078534410 hasConcept C111472728 @default.
- W2078534410 hasConcept C121955636 @default.
- W2078534410 hasConcept C127413603 @default.
- W2078534410 hasConcept C136764020 @default.
- W2078534410 hasConcept C138885662 @default.
- W2078534410 hasConcept C144133560 @default.
- W2078534410 hasConcept C149782125 @default.
- W2078534410 hasConcept C151730666 @default.
- W2078534410 hasConcept C162324750 @default.
- W2078534410 hasConcept C185592680 @default.
- W2078534410 hasConcept C198531522 @default.
- W2078534410 hasConcept C204036174 @default.
- W2078534410 hasConcept C2777382242 @default.
- W2078534410 hasConcept C2779343474 @default.
- W2078534410 hasConcept C2779530757 @default.
- W2078534410 hasConcept C2780299701 @default.
- W2078534410 hasConcept C2780762169 @default.
- W2078534410 hasConcept C2991665230 @default.
- W2078534410 hasConcept C39389867 @default.
- W2078534410 hasConcept C41008148 @default.
- W2078534410 hasConcept C43617362 @default.
- W2078534410 hasConcept C556758197 @default.
- W2078534410 hasConcept C78519656 @default.
- W2078534410 hasConcept C86803240 @default.
- W2078534410 hasConcept C88389905 @default.
- W2078534410 hasConceptScore W2078534410C10138342 @default.
- W2078534410 hasConceptScore W2078534410C106159729 @default.
- W2078534410 hasConceptScore W2078534410C111472728 @default.
- W2078534410 hasConceptScore W2078534410C121955636 @default.
- W2078534410 hasConceptScore W2078534410C127413603 @default.
- W2078534410 hasConceptScore W2078534410C136764020 @default.
- W2078534410 hasConceptScore W2078534410C138885662 @default.
- W2078534410 hasConceptScore W2078534410C144133560 @default.
- W2078534410 hasConceptScore W2078534410C149782125 @default.
- W2078534410 hasConceptScore W2078534410C151730666 @default.
- W2078534410 hasConceptScore W2078534410C162324750 @default.
- W2078534410 hasConceptScore W2078534410C185592680 @default.
- W2078534410 hasConceptScore W2078534410C198531522 @default.
- W2078534410 hasConceptScore W2078534410C204036174 @default.
- W2078534410 hasConceptScore W2078534410C2777382242 @default.
- W2078534410 hasConceptScore W2078534410C2779343474 @default.
- W2078534410 hasConceptScore W2078534410C2779530757 @default.
- W2078534410 hasConceptScore W2078534410C2780299701 @default.
- W2078534410 hasConceptScore W2078534410C2780762169 @default.