Governance Diversity
Burcin Col

This paper analyzes the intra-industry dispersionof firms’ governance structures. We build a model that relates firm governance to product market competition and show that industry competitiveness determines the dispersion in the governance choices of firms. Using a sample of U.S. governance scores provided by ISS, we find that governance diversity increases with the industry concentration and the relation is non-linear.

Full Text: PDF     DOI: 10.15640/jble.v2n2a1