Corporate governance challenges in emerging economies
نویسندگان
چکیده
منابع مشابه
Corporate Governance in Emerging Economies
Most of the literature on corporate governance emphasizes that firms should be run in the interests of shareholders. This is an appropriate objective function when markets are perfect and complete. In many emerging economies this is not the case: markets are imperfect and incomplete. The first theme of the paper is that alternative firm objective functions, such as pursuing the interests of all...
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The transition economies in Central and Eastern Europe have privatized their economies at an unprecendented speed in the 1990s. The expectation was that under private ownership, formerly state-owned firms would act as dynamic, profit-oriented players driving economic restructuring and growth. Yet, the expectation has rarely been fulfilled, and lack of effective corporate governance is often see...
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ژورنال
عنوان ژورنال: Corporate Governance: An International Review
سال: 2017
ISSN: 0964-8410
DOI: 10.1111/corg.12209