Abstract
This review examines how corporate governance mechanisms in the Asian emerging markets (AEMs) context affect firm-level outcomes. Literature about characteristics of the main corporate governance actors (boards and owners), their effects on firm-level outcomes, and contingency factors in AEMs offers interesting first insights. I synthetize these results and develop a research agenda that proposes how AEM corporate governance research should extend (but not ignore) agency theory, how AEM research about firm effects of corporate governance could take a stakeholder-oriented perspective, and how research could utilize the AEM institutional context to model contingency factors and extend our theoretical understanding of corporate governance.
Original language | English |
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Pages (from-to) | 465-480 |
Journal | International Business Review |
Volume | 27 |
Issue number | 2 |
Early online date | 10-Oct-2017 |
DOIs | |
Publication status | Published - Apr-2018 |
Externally published | Yes |
Keywords
- Asia
- Boards of directors
- Corporate governance
- Emerging markets
- Institutions
- Ownership structure
- BUSINESS GROUP AFFILIATION
- FIRM PERFORMANCE EVIDENCE
- FAMILY-CONTROLLED FIRMS
- EARNINGS MANAGEMENT
- OWNERSHIP STRUCTURE
- EXECUTIVE-COMPENSATION
- INSTITUTIONAL INVESTORS
- POLITICAL CONNECTIONS
- MALAYSIAN EVIDENCE
- CAPITAL STRUCTURE