Plausibly Exogenous [1864] - Corporate Governance (03/11/2025)

LHS Variable
Corporate risk-taking

RHS Variable
Corporate governance

Source of Exogenous Variation
The adoption of Clause-49 in India, which introduced greater disclosure requirements, board independence, and transparency

- Koirala, Marshall, Neupane, and Thapa (2020), “Corporate governance reform and risk-taking: Evidence from a quasi-natural experiment in an emerging market”