Corporate governance: a conscious approach for Asia and emerging economies

Corporate governance: a conscious approach for Asia and emerging economies PurposeAsian economy in transition is facing great deal of challenges, so its corporate governance. This paper investigates the dominant corporate governance models practiced under the liberal market capitalism, cooperative capitalism, collective capitalism and the state capitalism across the continents and proposes conscious governance approach for Asia and emerging economies.Design/methodology/approachThe paper explores and compares Anglo-American and Continental European corporate governance models. The report further investigates the development of corporate governance across Asian publicly listed companies, state-owned enterprises, small and medium enterprises and other privately held large enterprises, and raises questions and concerns and derives conclusion.FindingsThe Asian experience of imposing Western corporate governance models is more of a simplification of tasks based on political, cultural and globalization needs rather than the regions’ economic, financial and social development reality.Practical implicationsThe unique proposition of conscious corporate governance aligns corporate governance practice with Asian socio-economic transition vision and helps with further development and reforms.Originality/valueThe paper adds to the existing efforts and triggers a fresh view to the Asian and emerging economies corporate governance research and strategy. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Law and Management Emerald Publishing

Corporate governance: a conscious approach for Asia and emerging economies

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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
1754-243X
DOI
10.1108/IJLMA-04-2015-0017
Publisher site
See Article on Publisher Site

Abstract

PurposeAsian economy in transition is facing great deal of challenges, so its corporate governance. This paper investigates the dominant corporate governance models practiced under the liberal market capitalism, cooperative capitalism, collective capitalism and the state capitalism across the continents and proposes conscious governance approach for Asia and emerging economies.Design/methodology/approachThe paper explores and compares Anglo-American and Continental European corporate governance models. The report further investigates the development of corporate governance across Asian publicly listed companies, state-owned enterprises, small and medium enterprises and other privately held large enterprises, and raises questions and concerns and derives conclusion.FindingsThe Asian experience of imposing Western corporate governance models is more of a simplification of tasks based on political, cultural and globalization needs rather than the regions’ economic, financial and social development reality.Practical implicationsThe unique proposition of conscious corporate governance aligns corporate governance practice with Asian socio-economic transition vision and helps with further development and reforms.Originality/valueThe paper adds to the existing efforts and triggers a fresh view to the Asian and emerging economies corporate governance research and strategy.

Journal

International Journal of Law and ManagementEmerald Publishing

Published: May 9, 2016

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