Have Corporate Governance Systems in the World Converged in Recent Years?
Kang H. Park

Abstract
This paper surveys prevailing corporate governance systems and examine whether there is a convergence of corporate governance systems throughout the world. Even though there have been many studies arguing for convergence and showing evidence of convergence, there are also equal amount of studies arguing against convergence and offering evidence against convergence. Since reforms of corporate governance in most countries were recently done or are still in progress, it may take several more years to observe and evaluate how economies have responded to global pressure of transparency and disclosure of information.

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