Please use this identifier to cite or link to this item:
https://doi.org/10.1111/j.1540-6261.2008.01372.x
DC Field | Value | |
---|---|---|
dc.title | Corporate governance and risk-taking | |
dc.contributor.author | John, K. | |
dc.contributor.author | Litov, L. | |
dc.contributor.author | Yeung, B. | |
dc.date.accessioned | 2013-10-09T06:54:11Z | |
dc.date.available | 2013-10-09T06:54:11Z | |
dc.date.issued | 2008 | |
dc.identifier.citation | John, K., Litov, L., Yeung, B. (2008). Corporate governance and risk-taking. Journal of Finance 63 (4) : 1679-1728. ScholarBank@NUS Repository. https://doi.org/10.1111/j.1540-6261.2008.01372.x | |
dc.identifier.issn | 00221082 | |
dc.identifier.uri | http://scholarbank.nus.edu.sg/handle/10635/44323 | |
dc.description.abstract | Better investor protection could lead corporations to undertake riskier but value-enhancing investments. For example, better investor protection mitigates the taking of private benefits leading to excess risk-avoidance. Further, in better investor protection environments, stakeholders like creditors, labor groups, and the government are less effective in reducing corporate risk-taking for their self-interest. However, arguments can also be made for a negative relationship between investor protection and risk-taking. Using a cross-country panel and a U.S.-only sample, we find that corporate risk-taking and firm growth rates are positively related to the quality of investor protection. © 2008 The American Finance Association. | |
dc.description.uri | http://libproxy1.nus.edu.sg/login?url=http://dx.doi.org/10.1111/j.1540-6261.2008.01372.x | |
dc.source | Scopus | |
dc.type | Article | |
dc.contributor.department | BUSINESS POLICY | |
dc.description.doi | 10.1111/j.1540-6261.2008.01372.x | |
dc.description.sourcetitle | Journal of Finance | |
dc.description.volume | 63 | |
dc.description.issue | 4 | |
dc.description.page | 1679-1728 | |
dc.identifier.isiut | 000257780200005 | |
Appears in Collections: | Staff Publications |
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