A Panel Data Analysis of Corporate Governance Change

Roger M. Barker

in Corporate Governance, Competition, and Political Parties

Published in print January 2010 | ISBN: 9780199576814
Published online May 2010 | e-ISBN: 9780191722509 | DOI:
A Panel Data Analysis of Corporate Governance Change

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A panel data econometric analysis of corporate governance change is undertaken utilizing a data set of fifteen nonliberal market economies covering the period 1975–2003. The results of this analysis suggested that the interaction of partisanship and competition is a highly significant determinant of corporate governance change. In particular, significant shifts in a pro‐shareholder direction are associated with Left government – but not conservative government – in the context of high levels of competition. In contrast, neither Left nor conservative government is associated with corporate governance change in a low‐competition environment.

Keywords: panel data analysis; quantitative analysis; econometrics; interactive model; corporate governance; product market competition; Left government; Conservative government

Chapter.  14923 words.  Illustrated.

Subjects: International Business

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