Corporate Governance Challenges in Emerging Economies

Corporate Governance: An International Review, Forthcoming

23 Pages Posted: 20 Apr 2017

See all articles by Seth Armitage

Seth Armitage

University of Edinburgh - Accounting and Finance

Wenxuan Hou

University of Edinburgh - Business School; Shanghai Lixin University of Accounting and Finance

Subrata Sarkar

Indira Gandhi Institute of Development Research

Till Talaulicar

University of Erfurt

Date Written: April 18, 2017

Abstract

Corporate governance research in the context of emerging economies has received increasing attention in recent years. Corporate scandals and executive failures continue despite the growing emphasis on governance reforms around the world and the increasing activism of shareholders, governments and other corporate stakeholders. Academics and practitioners are becoming aware that firm-level governance mechanisms at work in different countries are embedded in national business systems and are influenced by political, social and legal macro-institutions. To promote the studies on governance challenges in emerging markets, we organized a special issue conference in conjunction with Corporate Governance: An International Review (CGIR) in Edinburgh, UK on December 4-5, 2015 on the theme of “Challenges in Corporate Governance in Emerging Economies”. In this article, we introduce peculiarities of corporate governance in emerging economies, survey the papers included in the special issue and explore future research directions.

Keywords: CEO Turnover; Corruption; Corporate Governance; Crash Risk; Emerging Markets; Institutional Transition; Managerial Compensation; Principal‐Principal Agency Problems

JEL Classification: G30

Suggested Citation

Armitage, Seth and Hou, Wenxuan and Sarkar, Subrata and Talaulicar, Till, Corporate Governance Challenges in Emerging Economies (April 18, 2017). Corporate Governance: An International Review, Forthcoming, Available at SSRN: https://ssrn.com/abstract=2954668

Seth Armitage

University of Edinburgh - Accounting and Finance ( email )

29 Buccleuch Place
Edinburgh, EH8 9JS
United Kingdom
44 131 650 3794 (Phone)

Wenxuan Hou (Contact Author)

University of Edinburgh - Business School ( email )

University of Edinburgh
29 Buccleuch Place
Edinburgh, Scotland EH8 9JS
United Kingdom

HOME PAGE: http://www.wenxuanhou.com

Shanghai Lixin University of Accounting and Finance ( email )

Subrata Sarkar

Indira Gandhi Institute of Development Research ( email )

Gen A.K. Vaidya Marg Santoshnagar
Goregaon (East)
Mumbai, Maharashtra 400065
India

Till Talaulicar

University of Erfurt ( email )

Internationales Buro
Nordhaeuser Str. 63
D - 99089 Erfurt
Germany
49-361-737-4510 (Phone)
49-361-737-4519 (Fax)

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