Corporate Governance by the Numbers: It Doesn't Work - Knowledge@Wharton Larcker, Tuna, and Richardson

http://knowledge.wharton.upenn.edu/article/1041.cfm: "Another paper that shows that governance is not eaily quantified."



Short Version: Larcker, Tuna, and Richardson provide more more evidence that corporate governance is not easily quantifiable and what works for one firm may not for other firms.

Longer Version:

Consistent with Coles, Daniel, and Naveen, but opposed to what many so-called