University of Virginia: Why Everything We Thought We Knew About Corporate Governance Is Wrong

University of Virginia: Why Everything We Thought We Knew About Corporate Governance Is Wrong. “Nearly two decades of influential scholarship on how corporations are governed and valued is based on bad data, according to new research co-authored by Cathy Hwang of the University of Virginia School of Law. The paper, ‘Cleaning Corporate Governance,’ reveals that an index cited thousands of times by scholars to measure corporate governance and shareholder rights is riddled with errors. Written by Hwang, Columbia Law School postdoctoral fellow Jens Frankenreiter, Wisconsin law professor Yaron Nili and Columbia law professor Eric L. Talley, the new research also offers a dataset with pilot data to rectify the problem, creating a clearer picture about the power dynamics that control corporations and what that might imply in terms of profit potential, valuation and long-term prospects, among other business factors.”

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