This study examines the extent to which business schools worldwide are integrating Corporate Governance Education (CGE) into their curricula and presents pedagogical suggestions for curriculum design of CGE. A study of 90 academic syllabi from courses taught at Business or Law Schools located...

We propose a unified framework to model the effects of implicit government guarantees on bond value. Implicit guarantees improve the value of highly rated corporate bonds through lowering the default probability of such bonds, serving the role of solvency protection. Additionally, guarantees...