Corporate Governance Reforms in the EU: Do They Matter and How?
IMF Working Papers, April 1, 2008
Source details
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- Corporate Governance Reforms in the EU: Do They Matter and How?
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Bibliographic details
- Authors: Iryna V. Ivaschenko, Petya Koeva Brooks
- Published: April 1, 2008
- Series: IMF Working Papers
Overview
- Authors: Iryna V. Ivaschenko, Petya Koeva Brooks
- Date: April 1, 2008
- Series: IMF Working Papers
- Working Paper No.: 2008/091
- Issue: 091
- Pages: 29
- Volume: 2008
- Stock No: WPIEA2008091
- ISBN: 9781451869521
- ISSN: 1018-5941
- Note: "This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy."
Research focus and approach
- Proposes a new approach to quantifying the effects of corporate governance reforms by focusing on the dynamics of the voting premiums, a measure of the private benefits of control in a corporation.
- Emphasizes measurement of voting premiums dynamics to assess reform impact across EU countries and over time.
Key findings
- The reforms have been successful in reducing the voting premiums EU-wide.
- More intense and broad reform efforts (such as introducing national reforms beyond and above the EU-wide initiatives) bring higher and longer lasting benefits.
- Evidence suggests the market for corporate control in Europe has become more integrated, as illustrated by the lower dispersion in voting premiums across countries and over time.
Subjects and keywords
- Subject: Auditing, Capital markets, Commodity markets, Corporate governance, Securities
- Keywords: company, shareholder, shareholder empowerment, WP
Publication and access metadata
- Format noted on landing page: PDF available for download; "More Formats on IMF eLibrary"
- Citation example shown: Iryna V. Ivaschenko, and Petya Koeva Brooks. "Corporate Governance Reforms in the EU: Do They Matter and How?", IMF Working Papers 2008, 091 (2008), accessed 9/17/2026
IMF Working Paper — Corporate Governance Reforms in the EU: Do They Matter and How?
Content in this bundle
- 1. Italy: National Corporate Reform