Stulz, Rene M. - Charles A. Dice Center for Research in Financial … - 2005
financial world is not flat because poor governance prevents firms from being widely held and from taking full advantage of … Hungarian firm. So,
even though the CSLA ratings have a wide range, no Eastern European firm was close to the maximum.
Of … across investors
2
throughout the world because the corporate insiders must bear much of a firm’s risk. Ownership …