Abstract
The purpose of paper is to establish a framework for further research as to whether national culture dimensions as outlined originally by Hofstede (1980) and legal systems have a major influence on corporate governance practices and subsequent financial performance of public corporations.The key research question being addressed is whether a public corporation operating in a common law legal system, a codified law legal system or a common law/codified law legal system display substantial differences in corporate governance practices and financial performance as a result of national culture influence and legal systems?
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