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 Which Governance to Enhance Value?


Édith GINGLINGER * Université Paris-Dauphine. Contact : edith.ginglinger@dauphine.fr.

Corporate governance rules tend to focus on shareholders’ equality and strengthening board monitoring. Although these features intend to protect investors, results of empirical analyses indicate that the one-size-fits-all model may destroy shareholders’ value for certain firms. Allowing each firm to develop the particular mix of management and monitoring that best suits its individual needs is often preferable to increase firm’s value.