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    • Corporate governance indices and construct validity 

      Black, Bernard; Carvalho, Antonio Gledson de; Khanna, Vikramaditya; Kim, Woochan; Yurtoglu, Burcin
      2017-11
      Manuscript TypeConceptual and empirical. Research Question/IssueMany studies of firm-level corporate governance rely on aggregate indices to measure underlying, unobserved governance. But we are not confident that we know ...
    • Methods for multicountry studies of corporate governance: evidence from the BRIKT countries 

      Black, Bernard S.; Carvalho, Antonio Gledson de; Khanna, Vikramaditya; Kim, Woochan; Yurtoglu, Burcin
      2014-12
      We discuss empirical challenges in multicountry studies of the effects of firm-level corporate governance on firm value, focusing on emerging markets. We assess the severe data, 'construct validity', and endogeneity issues ...