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Studi Economici

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CORPORATE GOVERNANCE IN DEVELOPING COUNTRIES,

The paper has discussed about the Corporate governance in developing countries. It has discussed on challenges faced in governance and solution to them.

Parametri
linguaggio inglese
numero di parole 5245 (ca. 14 pagine)
qualità del contenuto N/A
livello di linguaggio N/A
prezzo gratis
bibliografia 23
Sommario

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Anteprima della tesi: CORPORATE GOVERNANCE IN DEVELOPING COUNTRIES,

CORPORATE GOVERNANCE IN DEVELOPING COUNTRIES, 1 1.1 BACKGROUND Corporate governance is the mechanism or system through which the various interests in a joint stock company represent themselves and interact with each other. Research into corporate governance in developing countries, especially comparative studies, typically is based on a broad definition of corporate governance which includes the relationships a company has with its wider stakeholders as well as its shareholders. According to Claessens, corporate governance would include: The relationship between shareholders, creditors, and corporations; between financial markets, institutions and corporations; and between employees and corporations. Corporate governance would also encompass the issue of corporate social responsibility, including such as aspects as the dealings of the firm with respect to culture and the environment” (Claessens 2003:5). The recent revision of the OECD Principles of Corporate Governance reflects this broader agenda with a greater emphasis on the institutional and policy framework for corporations. This paper utilises this broader definition of corporate governance as one that is more relevant to the distinctive governance features of co-operatives. It is also important to note that developing countries face a set of challenges in improving corporate governance standards which are unknown to ...





... modest evidence that corporations change when an institutional investor takes on the role of an activist blockholder.

On the other hand, there is evidence that corporate performance improves after an activist share block purchase. There is no doubt that corporate governance structures are likely to evolve as endogenous responses to environmental factors. From the policy perspective, the goal should not necessarily be to encourage one form of ownership over another, but to facilitate the efficient use of capital.

Legal and regulatory approaches that advocate disclosure, transparency, investor protection, and the establishment of property rights are likely to prove central to encouraging capital investments by many different types of shareholders. Regardless of how different types of owners interact, the implications of the previous research are that the presence of institutional investors should lead to more informative prices, and consequently lower monitoring costs for all investors. Thus, the outcome should be better monitoring of managers and better corporate governance.
Tesi presente nelle categorie

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Studi Economici
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