We seek to bring to the core of the study of comparative corporate governance analysis the idea that within countries and industries, there exist multiple configurations of firm level characteristics and governance practices leading to effective corproate governance. In particular, we propose...

This chapter is a commentary on Kobrin's essay on the current transition to the transnational era where there is a shift in the balance of power from sovereign states to non-state stakeholders and what role the multinational corporation (MNC) plays in this transition. It celebrates Kobrin's...

This chapter discusses the role of corporate governance codes in the context of pressures for corporate governance convergence across countries. We show that there is a diverging convergence as corporate governance practices continually evolve. Further, given that codes are non-mandatory in most...

This paper discusses the role that indices of corporate governance have had in comparative corporate governance research. To do so, we begin with a short discussion of what corporate governance is and its main debates. Then, we review the main indices (which are also summarized in Table 1)...