Purpose – The purpose of this paper is to evaluate the impact of corporate governance reforms in Italy. Design/methodology/approach – The authors argue that the effectiveness of corporate governance can best be assessed with reference to the choices made by management or controlling...

This paper analyses how investor protection provided by the institutional setting in which a firm operates affects the quality of its board of directors. It also investigates whether firms operating in contexts with weaker investor protection rely more on internal corporate governance to prevent...

We argue that the effectiveness of corporate governance can best be assessed with reference to its ability to provide a positive outcome with respect to choices made by management or controlling shareholders. We use the curtailment of earnings management as a desirable and measurable outcome of...