Download or read book Corporate Governance in Emerging Markets written by Sabri Boubaker and published by Springer Science & Business Media. This book was released on 2014-04-01 with total page 625 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book fills the gap between theories and practices of corporate governance in emerging markets by providing the reader with an in-depth understanding of governance mechanisms, practices and cases in these markets. It is an invaluable resource not only for academic researchers and graduate students in law, economics, management and finance but also for people practicing governance such as lawmakers, policymakers and international organizations promoting best governance practices in emerging countries. Investors can benefit from this book to better understand of these markets and to make judicious investment decisions.
Download or read book The Diffusion of Corporate Governance to Emerging Markets written by Woochan Kim and published by . This book was released on 2015 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates whether foreign institutional investors in emerging markets can enhance shareholder value. We pay special attention to two dimensions of investor heterogeneity: whether an investor declares itself as an activist, and whether an investor comes from a country with a strong tradition of investor activism. First, we apply an event study approach to the announcements of block purchases by foreign institutional investors in Korea. We find that stock prices rise on average, but only when foreign institutional investors declare themselves as activists. Source country identities also matter: The positive stock price reactions are more pronounced when the activist investors come from source countries with a strong tradition of investor activism. Second, we examine corporate financial policies and governance practices of target firms one to three years following block purchases by foreign activist investors. We find that target firms are more likely to reduce cash holdings, raise leverage ratios, and peg dividend payouts and stock repurchases more closely to changes in earnings, but only if foreign activists are from countries with a strong tradition of activism. We conclude that openness to foreign activist investors, especially those from countries with a strong tradition of activism, can indeed put pressures on firms in emerging markets to adopt corporate governance practices that enhance shareholder values.
Download or read book State on Board written by Nga Pham and published by Springer Nature. This book was released on 2021-09-01 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research in this book focuses on the strategic behaviour of the State as a shareholder in businesses, and the implications it has for the other shareholder(s) and business performance. It investigates the institutional characteristics of State-linked and State-owned firms (SIEs & SOEs), in emerging markets using Vietnam as a case study with comparative analysis on China and selected ASEAN countries. In doing so, the book adopts an evidence-based approach to explain the State’s role as a shareholder in the different aspects of corporate governance, including CEO appointment, board structure and impact of State ownership on business strategy and performance. It highlights the influence of the State as a shareholder by investigating institutional factors consistent with “path dependence” theory, which postulates that the initial and underlying structure of an economy influences its performance. In addition, the book presents empirical evidence of the dynamics of corporate governance arising from interactions between the State and other shareholders, which has not yet been addressed in the literature, and is distinctive in providing new insights from both qualitative and empirical research on how to successfully navigate the emerging market business environments from the perspective of the State as an “owner-participant”. Explaining the theoretical constructs in corporate governance in State-invested firms, empirical research methodologies, and results to draw and validate inferences, the book is comprehensive and provides a practical guide for practitioners as well as a reference for academics, undergraduate and postgraduate students. The new theoretical models proposed integrate traditional political-economic and agency theories, which also underpin tertiary business courses and academic research.
Download or read book Corporate Governance in Developing and Emerging Markets written by Franklin N. Ngwu and published by Routledge. This book was released on 2016-12-08 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt: Throughout the world, the Anglo-American model of corporate governance tends to prevail – but no two countries are identical. Governance outcomes in developing and emerging economies often deviate from what theory predicts, due to a wide range of factors. Using insights from New Institutional Economics, Corporate Governance in Developing and Emerging Markets aims to explain the different issues and cultural and legal factors at play, and put forward an alternative governance framework for these economies. Structured in three parts, this text investigates different models of corporate governance; it explores the realities of corporate governance in ten nations, including the ‘BRICS’ (Brazil, Russia, India, China and South Africa) and ‘MINT’ (Mexico, Indonesia, Nigeria and Turkey) countries; and then considers corporate governance reform. This interdisciplinary text will be a valuable tool for students of corporate governance across Business, Economics and Law; and an equally useful resource for anyone working in or carrying out research in this area.
Download or read book Corporate governance in emerging markets written by and published by . This book was released on with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Corporate Governance and Capital Flows in a Global Economy written by Peter Cornelius and published by Oxford University Press, USA. This book was released on 2003 with total page 532 pages. Available in PDF, EPUB and Kindle. Book excerpt: With global financial markets having become more integrated, the book pays particular attention to the role of corporate governance in emerging-market economies and international capital flows. Rich in facts and ideas, the book is for anyone interested in financial crises, international risk management and global competitiveness.
Download or read book Corporate Governance in Less Developed and Emerging Economies written by Matthew Tsamenyi and published by Emerald Group Publishing. This book was released on 2008-12-01 with total page 568 pages. Available in PDF, EPUB and Kindle. Book excerpt: Corporate governance reform has become an important global policy agenda driven by events such as the 1997 Asian financial crisis, corporate scandals (such as Enron and WorldCom) and the globalisation of capital markets. This book advances debate on corporate governance, accountability and transparency in less developed and emerging economies.
Download or read book Corporate Governance written by Omar Al Farooque and published by LAP Lambert Academic Publishing. This book was released on 2010 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: Emerging economies have been grossly underrepresented in the corporate governance research. This book contributes in understanding the efficacy of corporate governance instruments influencing firm performance in emerging markets. Given the huge institutional differences between systems of governance practiced in emerging and developed economies, it is interesting to know whether existing differences in institutional and regulatory practices also translate into differences in the relationship between ownership and performance. Addressing ownership-performance relationship, this book has provided new insights for distinct governance model in emerging markets where replication of Western model may not be realistic without reflecting home-grown unique features and local contexts of the country. Instead, there is a need for a robust governance structure that is a balance between socio-economic environment of the country and the good features of Western model to meet the challenge of strengthening governance mechanisms in emerging markets. This book is of particular interest of the regulators, policy makers and stakeholders across the countries of the world.
Download or read book Corporate Governance in Emerging Markets written by B. B. Yurtoglu and published by . This book was released on with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Essays on Corporate Governance in Emerging Markets written by Sudarat Bo Ananchotikul and published by . This book was released on 2007 with total page 378 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Corporate Governance in Emerging Markets written by Melsa Ararat and published by . This book was released on 2011 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Corporate Governance and Emerging Markets written by Cally Jordan and published by . This book was released on 2008 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although it may be too early to pronounce on the relative effectiveness of various capital market-driven corporate governance initiatives, experiences in emerging markets over the last decade, especially Latin America, lead to some preliminary conclusions. These observations may have some predictive value in gauging the potential effectiveness of any particular initiative. quot;Voluntaryquot; codes and procedural remedies drawn from Anglo-American law, for example, may not be the most effective means of channeling market forces to the improvement of corporate governance in continental European-style legal systems. These transplants may behave a little differently than expected; at worst, they may have somewhat perverse consequences, where an internationally recognized, but domestically ineffective, rule is introduced into a system. The Latin American cases studied are instructive in this regard, as governance mechanisms were introduced in multiple guises along a continuum of private and public rules, amplifying the prospects of effectiveness.
Download or read book Corporate Governance in an Emerging Market written by Siti Nuryanah and published by LAP Lambert Academic Publishing. This book was released on 2011-11 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: How corporate governance has developed in the emerging markets in the past 10 years raises issues pertaining to corporate governance in developing countries, and addresses the ongoing debate about the links between corporate governance practices and corporate performance. This book, based on research in one of the emerging markets, is intended as a resource to students of governance and an informative text for those practicing governance in developing countries. The chapters are oriented to providing readers with an in-depth understanding of governance principles. It addresses the questions: What is corporate governance? How has it developed? What are the particular characteristics of governance practices in an emerging market? Does it really improve performance? The conclusions are illustrated by research from Indonesia. The authors hope that it will enable investors and directors of companies to understand the uniqueness of the emerging market's environment, take advantage of the opportunities offered by good governance practices and provide guidance on what steps can be taken by the government, regulators and company directors to improve governance in their enterprises.
Download or read book Special Issue Corporate Governance in Emerging Markets written by and published by . This book was released on 2014 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Corporate Governance in Emerging Markets written by Melsa Ararat and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this review, we show how corporate governance reforms and research have been mutually reinforcing in emerging markets and propose a research agenda going forward. Acknowledging the broad recognition of corporate governance as a key development driver, we show how research on corporate governance in emerging markets has led research globally by focusing on the deep issues of ownership structures, property rights and organisational forms. Using the papers presented at the latest international conference of Emerging Markets Corporate Governance Research Network, we illustrate how analysis of board structures, specifically board gender diversity, has contributed to understanding of board dynamics and informed corporate governance reforms. Considering ongoing economic and socio-political trends, we then propose a research agenda for corporate governance in emerging markets in general.
Download or read book Corporate Governance in Emerging Markets written by Jun-koo Kang and published by . This book was released on 2012 with total page 115 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Corporate Governance in Emerging Markets written by and published by . This book was released on 2011 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
