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OXFORD REVIEW OF ECONOMIC POLICY, VOL. 20, NO. 1, PP. 129-156
© Oxford University Press and the Oxford Review of Economic Policy Limited 2004; all rights reserved.

Corporate Governance and Globalization

Klaus Gugler
Dennis C. Mueller
B. Burcin Yurtoglu
University of Vienna

Abstract

This survey gives an overview of the current state of knowledge on the question of whether corporate-governance structures worldwide are determinants of differences in economic performance. We look at the identities of owners, monitoring boards, and legal systems and find that some, though not all, corporate-governance structures give rise to differences in performance. The paper ends with a tentative look at the prospects of corporate-governance structures converging worldwide.


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