IDEAS home Printed from https://ideas.repec.org/a/sgm/pzwzuw/v12i46y2014p49-67.html
   My bibliography  Save this article

Klasyfikacja systemow nadzoru korporacyjnego – podejscie alternatywne (A taxonomy of Corporate Governance systems – an alternative approach)

Author

Listed:
  • Anna Golec

    (Katedra Finansow Przesiebirstw, Wydzial Zarzadzania, Uniwersytet Gdanski)

  • Anna Zamojska

    (Katedra Finansow Przesiebirstw, Wydzial Zarzadzania, Uniwersytet Gdanski)

Abstract

The aim of the paper is to review existing taxonomies of national Corporate Governance systems and to present an alternative classification approach using World Economic Forum indexes. In contrast to former concepts, the presented taxonomy classifies 114 economies and is based on quantitative variables. The analysis covers data published for the period of 2005-2011, referring to institutional framework quality and financial market development assessments. The authors verify the hypothesis that a strong institutional framework supports financial market development in a country and therefore the classification of its Corporate Governance system to one of the defined models: autonomous, market-oriented, mixed or institutional should rely on relative financial market assessment measures. The individual fixed effects estimated in a panel model of institutional framework and financial market development dependency create a new classification criteria.

Suggested Citation

  • Anna Golec & Anna Zamojska, 2014. "Klasyfikacja systemow nadzoru korporacyjnego – podejscie alternatywne (A taxonomy of Corporate Governance systems – an alternative approach)," Problemy Zarzadzania, University of Warsaw, Faculty of Management, vol. 12(46), pages 49-67.
    • Handle: RePEc:sgm:pzwzuw:v:12:i:46:y:2014:p:49-67
    as

    Download full text from publisher

    File URL: http://pz.wz.uw.edu.pl/sites/default/files/artykuly/pz_2_2014_golec_zamojska.pdf
    Download Restriction: no
    File URL: http://pz.wz.uw.edu.pl/en
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Corporate Governance.; financial markets; institutions; taxonomy;
    All these keywords.

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sgm:pzwzuw:v:12:i:46:y:2014:p:49-67. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/somuwpl.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.