01777cas a2200253 a 4500 AALejournalIMF005011 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451869521 1018-5941 BD-DhAAL BD-DhAAL Ivaschenko, Iryna. Corporate Governance Reforms in the EU : Do They Matter and How? / Iryna Ivaschenko, Petya Koeva Brooks. Washington, D.C. : International Monetary Fund, 2008. 1 online resource (29 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper proposes a new approach to quantifying the effects of corporate governance reforms, by focusing on the dynamics of the voting premiums, a measure of the private benefits of control in a corporation. The results indicate that the reforms have been successful in reducing the voting premiums EU-wide. Moreover, more intense and broad reform efforts (such as introducing national reforms beyond and above the EU-wide initiatives) bring higher and longer lasting benefits. Our findings also suggest that the market for corporate control in Europe has become more integrated, as illustrated by the lower dispersion in voting premiums across countries and over time. Mode of access: Internet Koeva Brooks, Petya. IMF Working Papers; Working Paper ; No. 2008/091 Full text available on IMF http://elibrary.imf.org/view/journals/001/2008/091/001.2008.issue-091-en.xml IMF e-Library