@article{jfe2016463,
author={{Adjei, Frederick and Adjei, Mavis},
title={Gompers versus Bebchuck Governance Measure and Firm Value},
journal={Journal of Finance and Economics},
volume={4},
number={6},
pages={184--190},
year={2016},
url={http://pubs.sciepub.com/jfe/4/6/3},
issn={2328-7276},
abstract={This study compares the two primary measures of corporate governance quality, [1], GIM index and [2] E index using tests for comparing two nonnested models. We find that the GIM index has statistically significantly more power than the E index in explaining the variability in firm value, as measured by Tobin¡¯s Q. This finding suggests that the IRRC provisions excluded from the E index may have a statistically significant incremental power in explaining the variability in firm value.},
doi={10.12691/jfe-4-6-3}
publisher={Science and Education Publishing}
}