The Complexity of International Corporate Governance Research

摘要

This new issue contains eight excellent new studies on international corporate governance. Accounting, finance, and management scholars hailing from academic institutions from all over the world offer penetrating insights on the antecedents and effects of corporate governance in both developed and developing economies.rnIn the lead article by Inci, Lee, and Suk, these authors look at the effects of capital investment on firm profitability using pecking order theory. They examine this relationship in 40 different countries from 1988-2004 and observe that the legal system and level of financial development of the economy significantly influence this relationship.