SSRN-Corporate Governance Systems and Firm Value: Empirical Evidence for the Value of Committee Systems with Outside Directors by Robert Eberhart

This fits theory so well it is exciting!SSRN-Corporate Governance Systems and Firm Value: Empirical Evidence for the Value of Committee Systems with Outside Directors by Robert Eberhart: "The paper presents evidence that the adoption by Japanese firms of a shareholder-centric, more transparent, system of corporate governance creates greater corporate value in comparison to the traditional system.