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Based on his Corporate Governance Rating (CGR) for German firms, Andreas Schillhofer documents a positive relationship between the CGR and firm value. In addition, there is strong evidence that expected returns are negatively correlated with the CGR if dividend yields and price-earnings ratios are used as proxies for the cost of capital.
- Format: Pocket/Paperback
- ISBN: 9783824478880
- Språk: Tyska
- Antal sidor: 190
- Utgivningsdatum: 2003-08-01
- Förlag: Deutscher Universitats-Verlag