We investigate the gender pay gap in top corporate jobs for 2001-2007 and report that female managers receive 19 percent less in total compensation than their male colleagues. Controlling for various characteristics reduces this difference to seven percent. While the gender pay gap is slightly...

Using data for the years 2001-2007 from the OSIRIS database on the total compensation for top executive officers of publicly listed US firms, the authors analyze the gender pay gaps across the distribution of total compensation. In the estimations, the authors control for individual and firm...

This paper is a sequel to the “Sustainable Investment in Turkey, 2010” report (IFC, 2011). The original report provided a review of the then current state of the sustainable investment (SI) in Turkey and analysed the institutional prerequisites and interventions that would encourage better...

Business groups play a large, sometimes dominant economic role in many countries. A number of studies find an association between firm-level corporate governance and market value, but none study the role of business group identity in firm level corporate governance or the value of “group...

This is an appendix accompanying "Which Aspects of Corporate Governance Do and Do Not Matter in Emerging Markets".The underlying paper can be downloaded from the SSRN eLibrary at: "http://ssrn.com/abstract=2601107" http://ssrn.com/abstract=2601107

In recent years considerable attention has been devoted to differences across countries in the institutional environments in which corporations operate, and the consequences of these institutional differences for corporate performance. In this paper we test for the presence of differences in...

The chapter examines the extant research on governance and corporate social responsibility practices of large Turkish companies and links these practices to the behavior and performance of Turkish companies

We examine the relationship between the tonality of news flow and the cross section of expected stock returns. We use a comprehensive definition of media coverage that includes both financial newspapers and mass media, represented by TV broadcasts. Using the total news flow with positive and...

We compare the objectives, processes and outcomes of different approaches adopted by BOVESPA and ISE (Istanbul Stock Exchange) for differentiating better governed firms listed on their respective boards. Novo Mercado of BOVESPA, launched at the end of December 2000, was able to attract over 30...