External Publications

Can Institutional Investors Improve Corporate Governance Through Collective Action? 

Professors Craig Doidge, Alexander Dyck, Hamed Mahmudi, and Aazam Virani published a study of CCGG in April 2015 showing the positive influence CCGG has had on certain key governance changes by Canadian public companies.

The Value of Governance

The Value of Governance, by Professor Anita Anand, was published in February of 2013. This document references academic publications from around the world that suggest a positive relationship between good governance and and firm value. The cited works are listed below and are sorted by publication date.

Author(s) Title Journal Pub. V. I. Pg.
Lucian Bebchuk Investing in Good Governance The New York Times 2012      
Marcus V. Braga-Alves and Matthew Morey Predicting Corporate Governance in Emerging Markets J. Int’l Money & Finance 2012 31 6 1414
Anita Anand, Frank Milne and Lynnette Purda Domestic and International Influences on Firm-Level Governance: Evidence from Canada, Amer. Law Econ. Rev. 2012 14 1 68
Bernard S. Black and Woochan Kim The Effect of Board Structure on Firm Value: A Multiple Identification Strategies Approach Using Korean Data J. Finan. Econ. 2012 103 1 203
Xavier Giroud and Holger M. Mueller Corporate Governance, Product Market Competition, and Equity Prices J. Finance 2011 66 2 563
Manuel Ammann, David Oesch and Markus M. Schmid Product Market Competition, Corporate Governance and Firm Value: Evidence from the EU Area Europ. Finan. Manage. 2011 [forthcoming]
Wei-Peng Chen et al. External Financing Needs, Corporate Governance and Firm Value Corp. Gov. 2010 18 3 234
Martijn Cremers and Allen Ferrell Thirty Years of Shareholder Rights and Firm Valuation CELS 2009 Paper 2010      
Yves Bozec and Richard Bozec Overall Governance and Cost of Capital: Evidence from Canada Using Panel Data J. of Global Business Management 2010 6 1 1
Mercer LLC Shedding Light on Responsible Investment: Approaches, Returns and Impacts   November 2009
Parveen P. Gupta, Duane B. Kennedy, and Samuel C. Weaver Corporate Governance and Firm Value: Evidence from Canadian Capital Markets Corp. Ownership & Control Journal Spring 2009 6 3 293
Lucian Bebchuk, Alma Cohen and Allen Ferrell What Matters in Corporate Governance? Rev. Finan. Stud. 2009 22 2 783
Darren Henry Corporate Governance Structure and the Valuation of Australian Firms: Is There Value in Ticking the Boxes? J. Bus. Finan. Account. 2008 35 7-8 912
Mercer LLC and the Asset Management Working Group of the United Nations Environment Programme Finance Initiative Demystifying Responsible Investment Performance   October 2007
Lawrence D. Brown and Marcus L. Caylor Corporate Governance and Firm Valuation J. Account. Public Pol. 2006 25 4 409
Bernard S. Black, Hasung Jang and Woochan Kim Predicting Firms’ Corporate Governance Choices: Evidence from Korea J. Corp. Finan. 2006 12 3 660
John E. Core, Wayne R. Guay and Tjomme O. Rusticus Does Weak Governance Cause Weak Stock Returns? An Examination of Firm Operating Performance and Investors’ Expectations J. Finance 2006 61 2 655
Martijn Cremers and Vinay B. Nair Governance Mechanisms and Equity Prices J. Finance 2005 60 6 2859
Peter Klein, Daniel Shapiro and Jeffrey Young Corporate Governance, Family Ownership and Firm Value: the Canadian Evidence Corp. Gov. 2005 13 6 769
Paul A. Gompers, Joy L. Ishii and Andrew Metrick Corporate Governance and Equity Prices Quart. J. Econ. 2003 118 1 107
April Klein Firm Performance and Board Committee Structure J. Law Econ. 1998 41 1 275


Other External Publications

Author(s) Title Journal Pub. V. I. Pg.
Paul Hodgson and Greg Ruel, GMI Ratings The Costs of a Combined Chair/CEO July 5, 2012


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