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Beta-convergence and sigma-convergence in corporate governance in Europe
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Orientador(es)
Resumo(s)
This paper tests for beta-convergence and sigma-convergence in the corporate governance models, using a sample of corporate governance ratings for 198 European corporations listed on the FTSE Eurofirst 300 index. A piecewise linear regression is deployed to select a model and the Poisson pseudo-maximum likelihood estimator is also applied to estimate an exponential model. It concludes that there is statistical evidence of beta- and sigma-convergence within countries and the results suggest that institutional differences between countries are statistically relevant.
Descrição
Palavras-chave
Corporate Governance Beta-Convergence Sigma-Convergence Ratings
Contexto Educativo
Citação
Matos, Pedro Verga and Horácio C. Faustino .(2012). “Beta-convergence and sigma-convergence in corporate governance in Europe”. Economic Modelling, Volume 29: pp. 2198–2204.
Editora
Elsevier