We develop and test the hypothesis that foreign direct investment promotes corporate governance spillovers in the host … country. Using firm-level data on cross-border mergers and acquisitions (M&A) and corporate governance in 22 countries, we … find that cross-border M&As are associated with subsequent improvements in the governance, valuation, and productivity of …

implement, in the aftermath of a social instability episode, reforms aimed at improving the level of governance. The results are …