Fernández-Rodríguez, Enrique; Gómez-Ansón, Silvia; … - In: Corporate Governance: An International Review 12 (2004) 1, pp. 29-46
This paper analyses the market reaction to announcements made by Spanish firms of compliance with the code of best practice. It also attempts to determine how the characteristics of different firms may account for the excess returns observed. The results suggest that the market reacts positively...