The irresistible case for corporate governance

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This is from a new note on the 'irresistible case' from the IFC/World Bank Corporate Governance Department:

Investors say they value corporate governance. And they put their money where their mouths are... Well-governed firms in Korea traded at a premium of 160 percent to poorly governed firms... Brazil-based firms with the best corporate governance ratings garnered 2004 P/E rations that were 20% higher than firms with the worst governance ratings.

Other resources on corporate governance are available.

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