Corporate Ownership and Governance Practices in Canada: A Longitudinal Study

dc.contributor.authorBozec, R.
dc.contributor.authorDia, M.
dc.contributor.authorBozec, Y.
dc.descriptionLe texte intégral de ce document de travail n'est pas disponible en ligne. Pour plus de renseignements sur ce document, veuillez communiquer avec la Direction de la recherche de l'École de gestion Telfer à l'adresse // The full text of this working paper is not available online. For more information regarding this working paper, please contact the Telfer School of Management Research Office at
dc.description.abstractThe objective of this study is to analyze convergence of corporate governance in Canada in a period characterized by high financial uncertainty (1999-2008). The methodological strength of this study resides in the combination of a longitudinal approach with a multilevel analysis, focusing on both governance practices and ownership structure. Our results show that ownership structure and control did not change over time. Canadian firms remained controlled by an ultimate shareholder who often is in a position to enjoy all of the private benefits of control while internalizing only a small fraction of the costs. However, corporate governance practices converged toward a US model over the period under investigation, overall lending support to functional convergence, not formal convergence.
dc.titleCorporate Ownership and Governance Practices in Canada: A Longitudinal Study
CollectionTelfer - Documents de travail // Telfer - Working Papers

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