Corporate Governance & Economic Performance The Limit of Short Termism

Can corporate governance improve economic performance? The scientific literature is contrasting on this aspect; there are studies that highlight the lack of correlation between the performance and the practices of CG (see Bauer et al of 2003 Empirical evidence on corporate governance in Europe: The effect on stockreturns, firm valueand performance - September, 2003), while others authors believe that a CG system can have positive effects on the economic market evaluation of a listed company.