The (Ir)Relevance of Disclosure of Compliance with Corporate Governance Codes - Evidence from the German Stock Market

Submitted on 7th September 2017

This paper studies short- and long-run effects of disclosure of compliance with the German Corporate Governance Code, by examiinng a data set of 317 German listed firms. Our results add evidence to the hypothesis that self-regulatory corporate governance reforms relying on disclosure without monitoring and legal enforcement are ineffective.

National Centre of Competence in Research Financial Valuation and Risk Management
Length of Resource
60 pages
Till G. Mahr, Eric Nowak, Roland Rott
Date Published
Publication Type
Resource Type