Working Paper

01 August 2008

On the Fortunes of Stock Exchanges and Their Reversals: Evidence from Foreign Listings

Using a sample that provides unprecedented detail on foreign listings for 29 exchanges in 24 countries starting from the early 1980s, we show that although firms list in countries with better investor protection, they are less likely to...

Nuno Fernandes | Mariassunta Giannetti
01 May 2011

The Relation between Firm-Level Corporate Governance and Market Value: A Study of India

Relatively little is known about the corporate governance practice of firms in emerging markets. We provide a detailed overview of the practices of publicly traded firms in India, and identify areas where governance practices are...

Bala Balasubramanian | Bernard Black | Vikramaditya Khanna
01 July 2009

Firm-Level Corporate Governance in Emerging Markets: A Case Study of India

We provide an overview of Indian corporate governance practices, based primarily on responses to a 2006 survey of 370 Indian public companies. Compliance with legal norms is reasonably high in most areas, but not complete. We identify...

Bala Balasubramanian | Bernard Black | Vikramaditya Khanna