5p61 paragraph.docx - Xu,Xiangdong#6056642 The passage...

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Xu,Xiangdong #6056642 The passage named “Does governance travel around the world? Evidence from institutional investors” mainly studies the effect of institutional investors on the firm-level corporate governance around the world, and it shows that firm level governance is positively associated with international institutional investment. As a result, domestic institution play a curial role and improve the governance of firms located in countries where stronger holder protection, the opposite is true. Another paper studies the comparison between regulation substitute and complement governance result also shows
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