Prior research also tends to use a limited sample of the dimensions of corporate governance and this will generally create correlated omitted variable problems. For example, researchers using only the"G-score" are capturing some combination of anti-takeover provisions, but ignoring other important dimensions of govermance(e.g., ownership, board structure, etc.). Unless the omitted dimensions are uncorrelated with those included in the analysis(which is a very unlikely outcome), the interpretation of the regression coefficienfor"G-score" will be problematic.