Author: Andreas Schillhofer
Publisher: Springer-Verlag
ISBN: 3322815609
Category : Business & Economics
Languages : de
Pages : 210
Book Description
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.