Corporate downsizing and CEO compensation / Alexandros P. Prezas, Murat Tarimcilar, Gopala K. Vasudevan -- The external monitoring bodies' view of the board independence in the new public family firms / Imants Paeglis, Dogan Tirtiroglu -- Ownership structure, financial rent and performance : evidence from the Malaysian manufacturing sector / Ei Yet Chu -- Board of director configurations in mutual fund sponsors : early evidence of board-level performance / Scott Besley, Steve P. Fraser, Christos Pantzalis -- Expropriation, weak corporate governance and post-IPO performance : Chinese evidence / Peng Cheng, Jean Jinghan Chen, Xinrong Xiao -- Market-value-maximizing ownership structure when investor protection is weak / Beni Lauterbach, Efrat Tolkowsky -- Black-Scholes-Merton, liquidity, and the valuation of executive stock options / Don M. Chance, Tung-Hsiao Yang -- Managerial power in the design of executive compensation : evidence from Japan / Stephen P. Ferris, Kenneth A. Kim, Pattanaporn Kitsabunnarat, Takeshi Nishikawa -- Unobserved heterogeneity and the term-structure of default / Koresh Galil -- Financial sector development and sustainable economic growth in regionally co-integrated emerging markets / Ritab S. Al-Khouri -- The long-term risk effects of the Gramm-Leach-Bliley Act (GLBA) on the financial services industry / Vijay Gondhalekar, C.R. Narayanaswamy, Sridhar Sundaram -- How do small firms in developing countries raise capital? Evidence from a large-scale survey of Kenyan micro and small-scale enterprises / Christopher J. Green, Peter Kimuyu, Ronny Manos, Victor Murinde -- United States venture capital financial contracting : foreign securities / Douglas J. Cumming -- Operational hedges and foreign-exchange exposure : the experience of U.S. MNC's during the Asian financial crisis / Bill Francis, Iftekhar Hasan, Christos Pantzalis -- Share repurchases in New Zealand / Hardjo Koerniadi, Ming-Hua Liu, Alireza Tourani-Rad -- Corporate governance and performance of banking firms : evidence from Asian emerging markets / Abdul Hadi Zulkafli, Fazilah Abdul Samad -- On the duty of care of institutional investors : evidence on participation of mutual fund managers in shareholder meetings in Israel / Amzaleg Yaron, Ben-Zion Uri, Rosenfeld Ahron -- Good managers invest more and pay less dividends : a model of dividend policy / Nalinaksha Bhattacharyya.

While Advances continues to publish papers from any area of Finance, the focus of this issue is on corporate governance, broadly defined as the system of controls that helps corporations and other organizations effectively manage, administer, and direct economic resources. Papers of this title deal with the role played by boards of directors, impact of ownership, executive compensation, and investor protection. Other papers deal with stock repurchases, default, banking, financial sector development, and the Asian financial crisis. Papers cover a wide range of international experience, including evidence from the U.S., Japan, Israel, Malaysia, China, and New Zealand. Papers cover a wide range of international experience with this issue focusing on corporate governance. This book series is available electronically at website.

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