Journal articles: 'Corporate governance – East Asia'

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Walker, Gordon, and Mark Fox. "Corporate governance reform in East Asia." Corporate Governance: The international journal of business in society 2, no. 1 (March 2002): 4–9. http://dx.doi.org/10.1108/14720700210418652.

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Lehmann, Jean‐Pierre. "Comparative perspective of corporate governance: Europe and East Asia." Global Economic Review 26, no. 3 (September 1997): 3–36. http://dx.doi.org/10.1080/12265089708422871.

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CHEN, EN-TE, and JOHN NOWLAND. "THE EFFECTIVENESS OF CORPORATE GOVERNANCE CODES: LONG-TERM ANALYSIS FROM EAST ASIA." Journal of International Commerce, Economics and Policy 02, no. 02 (December 2011): 229–50. http://dx.doi.org/10.1142/s1793993311000294.

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This study examines the effectiveness of corporate governance codes in four East Asian markets by investigating the timing and persistence of firm compliance with code recommendations. Over the period 1999 to 2009 we find a number of significant improvements in code compliance, but not all can be attributed to the introduction of code recommendations. We also provide evidence of the codes having unintended consequences — firms previously with higher board or committee independence reducing their independence to code recommendation levels. Our results suggest that code recommendations targeting the creation of new mechanisms (e.g., remuneration committees) have been effective but that policymakers need to be particularly careful when formulating code recommendations about existing governance practices.

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Supriyono, Edy, Abdul Kharis Almasyhari, Djoko Suhardjanto, and S. Rahmawati. "The impact of corporate governance on corporate social disclosure: comparative study in South East Asia." International Journal of Monetary Economics and Finance 8, no. 2 (2015): 143. http://dx.doi.org/10.1504/ijmef.2015.070779.

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Carney, Richard W. "Corporate governance and political impediments to regional harmonization: cases from East Asia." Pacific Review 27, no. 5 (September 19, 2014): 585–610. http://dx.doi.org/10.1080/09512748.2014.948570.

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Ibrahim Eldomiaty, Tarek, and Chong Ju Choi. "Corporate governance and strategic transparency: East Asia in the international business systems." Corporate Governance: The international journal of business in society 6, no. 3 (May 2006): 281–95. http://dx.doi.org/10.1108/14720700610671882.

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Attig, Najah, Sadok El Ghoul, and Omrane Guedhami. "DO MULTIPLE LARGE SHAREHOLDERS PLAY A CORPORATE GOVERNANCE ROLE? EVIDENCE FROM EAST ASIA." Journal of Financial Research 32, no. 4 (December 2009): 395–422. http://dx.doi.org/10.1111/j.1475-6803.2009.01255.x.

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Aslam, Ejaz, and Razali Haron. "Does corporate governance affect the performance of Islamic banks? New insight into Islamic countries." Corporate Governance: The International Journal of Business in Society 20, no. 6 (July 13, 2020): 1073–90. http://dx.doi.org/10.1108/cg-11-2019-0350.

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Purpose Corporate governance plays a significant role to overcome agency issues and develop the culture of transparency and openness. In this context, this paper aims to examine how corporate governance mechanisms affect the performance of Islamic banks (IBs). Design/methodology/approach Stepwise, two-step system generalize method of moment estimation technique is used in the analysis in which control variables are added into the model sequentially. This study used data on 129 IBs from 29 Islamic countries (Middle East, South Asia and Southeast Asia) during the period of 2008 to 2017. Findings The findings suggest that the audit committee (AUDC) and Shariah board (SB) have positive impact on the performance of IBs (return on assets and return on equity). However, board size and risk management committee have negative and significant effect on the performance of IBs. CEO duality and non-executive directors have mixed relationship with the performance of IBs. These results support the argument that IBs need to improve their financial performance through appropriate governance mechanism. Research limitations/implications The findings of the study added a new dimension to the governance research that could be a valuable source of knowledge for policymakers and regulators to improve the existing governance mechanism for better performance of IBs. Originality/value The study fills the gap in the literature by addressing the issue of corporate governance on performance of IBs across countries. Agency theory is discussed to explain the relationship between corporate governance mechanism and performance.

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van der Putten, Frans-Paul. "Corporate Governance and the Eclectic Paradigm: The Investment Motives of Philips in Taiwan in the 1960s." Enterprise & Society 5, no. 3 (September 2004): 490–526. http://dx.doi.org/10.1017/s1467222700013781.

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Today Philips is one of the largest foreign investors in East Asia. The foundation for the company's East Asian position was laid by investment in Taiwan in the 1960s and early 1970s, at a time when this country and the rest of the region were still largely ignored by other European investors. This article investigates the motives for Philips to play a pioneering role among European firms in large-scale investing in Taiwan. The author uses the traditional method for direct investment analysis, known as Dunning's eclectic paradigm. He also addresses shortcomings in this method regarding individual company behavior, by adding a corporate governance analysis that is based on Freeman's stakeholder theory. The resulting analysis shows that, although locational factors constituted the main precondition to direct investment by Philips, the crucial reason Philips made its early investments in Taiwan was its chief executive officer's enthusiasm for this particular project.

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Preobragenskaya, Galina G., and Robert W. McGee. "orporate governance in a transition economy: A case study of Russia." Corporate Ownership and Control 1, no. 4 (2004): 61–71. http://dx.doi.org/10.22495/cocv1i4p5.

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Corporate governance has become a popular topic in recent years. Although much attention has been given to corporate governance in the United States and other Western countries as a result of recent scandals, and in Japan and other East Asian countries because of the financial crisis that occurred there a few years ago, much has also been going on in Russia and other transition economies in the area of corporate governance. This paper discusses recent developments in corporate governance in Russia and includes information gathered during interviews conducted in Russia during the summer of 2003.

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Kalra, Rajiv. "Do External Auditors Perform a Corporate Governance Role in Emerging Markets? Evidence from East Asia." CFA Digest 35, no. 3 (August 2005): 22–23. http://dx.doi.org/10.2469/dig.v35.n3.1710.

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FAN, JOSEPH P. H., and T. J. WONG. "Do External Auditors Perform a Corporate Governance Role in Emerging Markets? Evidence from East Asia." Journal of Accounting Research 43, no. 1 (March 2005): 35–72. http://dx.doi.org/10.1111/j.1475-679x.2004.00162.x.

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Steier, Lloyd P. "Familial capitalism in global institutional contexts: Implications for corporate governance and entrepreneurship in East Asia." Asia Pacific Journal of Management 26, no. 3 (October 30, 2008): 513–35. http://dx.doi.org/10.1007/s10490-008-9117-0.

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Liao, Grace M., and Chilin Lu. "Ownership structure and corporate voluntary disclosure-evidence from Taiwan." Corporate Ownership and Control 6, no. 4 (2009): 128–34. http://dx.doi.org/10.22495/cocv6i4p12.

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Compared to western markets, listed firms in East Asia typically have low levels of information transparency and do not motivate to disclose proprietary information to the public. One of the most frequently cited reasons for the low level of transparency and disclosure quality is poor corporate governance structures in this region. In this study, we explore the association between ownership structure and voluntary information disclosure in Taiwan. Annual report index data from Information Disclosure and Transparence Ranking System (IDTRS) are used as the proxy of the firm’s voluntary information. The empirical results indicate that the level of information disclosure is likely to be less in “insider” or family-controlled companies.

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Yaftian, Ali, Victoria Wise, and Soheila Mirshekary. "Historical antecedents shaping corporate reporting in Iran." Corporate Ownership and Control 11, no. 3 (2014): 154–65. http://dx.doi.org/10.22495/cocv11i3c1p2.

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This research paper examines the evolution of corporate reporting and governance in Iran over the last century. The approach adopted was to provide an historical perspective to examine the environment within which Iranian corporate reporting has emerged and been shaped. An historical framework allows the study to focus on the evolution and development of corporate reporting practice in Iran. By adopting an historical framework, this study is able to inform future research based on models that adopt an evolutionary approach to the assessment of environmental factors on economic systems. The conclusion reached in this study is that socio-economic and political changes during the century have been opportune as drivers of corporate reporting in Iran. The study makes an incremental contribution to the existing accounting history literature for Asia / Middle East / developing countries

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Nakamura, Masao. "The security market and the changing government role in Japan." Asian Education and Development Studies 5, no. 4 (October 3, 2016): 388–407. http://dx.doi.org/10.1108/aeds-09-2015-0044.

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Purpose The purpose of this paper is to explain how current security market regulations in Japan have evolved following Japan’s corporate governance reforms, which began in the 1990s after the bursting of a massive financial bubble. As part of the reform, Japan aimed to introduce US-style corporate governance mechanisms. Design/methodology/approach This paper first explains the process behind Japan’s corporate governance reforms using the theory of selective adaptation. By doing so, the various changes that have taken place in the regulations of security markets are also explained. The paper concludes with a discussion of the limitations of transplanting US-style corporate governance mechanisms in Japan and the implications for the functioning of Japan’s security markets. Findings While applying a selective adaptation framework to Japan’s efforts to transplant US-style corporate governance mechanisms to its own markets, the author found that certain Japan-specific business practices, such as its heavy reliance on keiretsu corporate groupings, may interfere with the market-based business practices and free competition which characterize the US system. This in turn places limitations on the functioning of US-style security markets in Japan. Originality/value This paper explains the limitations of government regulation on security markets in Japan, which may be of interest to both public and private sector analysts. This paper focusses on Japan’s experience of transplanting US-style corporate governance mechanisms to Japan. The author expect that Japan’s experience will be of much interest to China, South Korea and other countries in East Asia, where pyramidal and other types of business groups play important roles in their economies.

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Suhardjanto, Djoko, N. A. Purwanto, Kartika Sari, and Erna Setiany. "Corporate governance and social disclosure: a comparative study of listed hospitality industries in South East Asia." International Journal of Trade and Global Markets 11, no. 1/2 (2018): 21. http://dx.doi.org/10.1504/ijtgm.2018.092495.

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Setiany, Erna. "CORPORATE GOVERNANCE AND SOCIAL DISCLOSURE: A COMPARATIVE STUDY OF LISTED HOSPITALITY INDUSTRIES IN SOUTH EAST ASIA." International Journal of Trade and Global Markets 11, no. 1 (2018): 1. http://dx.doi.org/10.1504/ijtgm.2018.10012037.

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Al-Hiyari, Ahmad. "A critical review of corporate governance reforms in Malaysia." Journal of Governance and Regulation 6, no. 1 (2017): 38–44. http://dx.doi.org/10.22495/jgr_v6_i1_p4.

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Following the East-Asian financial crisis in 1997 and the corporate accounting scandals, the shareholder’s confidence in the audited financial statements was adversely affected and regulators started to think seriously reforming the existing corporate governance practices. As a result, numerous initiatives were implemented to accelerate improvement of corporate governance practices. One of these initiatives was the Malaysian Code on Corporate Governance (MCCG). The code was derived from the approach applied by the British Hampel Committee, which attempt to mitigate the agency problem between corporate managers and outside owners. This study suggests that the British approach is unsuitable to Malaysian business environment. Particularly, the MCCG that had been lunched since 2011 ignore the uniqueness of Malaysia’s capital market, regulation environment and ownership structure. Therefore, the study recommends that policy makers and other regulators should consider the local business environment when establishing future code on corporate governance.

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Ernst, Dieter, and John Ravenhill. "Globalization, Convergence, and the Transformation of International Production Networks in Electronics in East Asia." Business and Politics 1, no. 1 (April 1999): 35–62. http://dx.doi.org/10.1515/bap.1999.1.1.35.

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Globalization is often said to lead to convergence among firm strategies. Significant differences existed in the organization of the production networks of Japanese and US firms in electronics in East Asia at the beginning of the 1990s. The sources of these differences lie in part in the relative newness of the export-orientation of Japanese companies, in weaknesses in Japanese corporate governance, in the geographical proximity of East Asian plants to Japan, and in the product mix of Japanese firms. An opening of Japanese production networks occurred in the first half of the 1990s in part in response to pressures associated with various forces of globalization, including the diffusion of capabilities, changes in technology, and the internationalization of the Japanese economy. This opening of Japanese networks caused them to converge towards their American counterparts. Partial convergence, however, coexisted with persistent diversity relative to the behavior of US networks. While nationality continued to matter, other factors affecting firms have to be incorporated into the analysis to explain the persistent diversity of firm behaviors.

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Putra, Andi Manggala, and Hermita Arif. "BOARD STRUCTURE AND EARNINGS MANAGEMENT: EVIDENCE OF SOUTH EAST ASIA COUNTRIES CATEGORISED BY AGENCY COST LEVEL." Hasanuddin Economics and Business Review 1, no. 2 (November 14, 2017): 142. http://dx.doi.org/10.26487/hebr.v1i2.1250.

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Agency theory infers that investors will incur cost to make alignment on principal-agent interest. A critic, however, has pointed out that the conflict of interest between principal and agent is not the only cause for agency cost. Cultural context (Johnson & Droege, 2004) and legal system (La Porta, et al., 2000) are also found as contributing factors. This study is to empirically investigate how board size, board independency, audit committee size and audit committee independency affect the earnings quality in the context of low or high level agency cost country according to Transparency International’s corruption level and Hofstede’s cultural values. 538 firm-year across 6 South East Asian countries (Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam) are observed in this research. Five Different accrual models (Jones, 1991; Dechow, Sloan, & Sweeney, Detecting Earnings Management, 1995; Kasznik, 1999; Dechow, Richardson, & Tuna, Earnings management and costs to investors from firms meeting or slightly exceeding benchmarks, 2002; Dechow & Dichev, The Quality of Accruals and Earnings: The Role of Accrual Estimation Errors, 2002) are used to generate abnormal accruals which will be used as proxy for earnings management while to generate suitable factors from corporate governance variables, principal component analysis (PCA) is employed. Results indicate that (1) earnings management is efficient; (2) size and independency of Board of Director and audit committee are effective in reducing earnings management behaviour; (3) the management of firms operating in higher agency cost context will take advantage from the structure of corporate governance (size and independency of Board of Directors and audit committee) to conduct earnings management. Additionally, it is also found that bigger size (higher leverage) firms perform less (more) accounting discretion compared to their counterparts.

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Choi, Paul Moon Sub, Jinhwan Oh, and Changsu Ko. "The Spatial Dimension Of Take-Offs And Sustainability: The Case Of East Asian Countries." Journal of Applied Business Research (JABR) 32, no. 2 (March 9, 2016): 719. http://dx.doi.org/10.19030/jabr.v32i2.9634.

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This study examines the relationship between the size of a country and its “take-off” for economic development. We find that most countries which experienced economic upheavals in the past decades are relatively small in terms of area. Specifically, take-offs appear to be quicker for smaller landmasses with larger potential workforce and higher population density, controlled for financial markets maturity, corporate governance, economic openness, and human capital development. We also find that take-offs are not sustainable by nature as most countries in East Asia that which experience take-offs are currently facing slow-downs of their economies. Through this finding, we predict that China may experience a slow-down at around 36% and may reach to the 50-60% of income level of the U.S.

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Grassa, Rihab. "Deposits structure, ownership concentration and corporate governance disclosure in GCC Islamic banks." Journal of Islamic Accounting and Business Research 9, no. 4 (July 9, 2018): 587–606. http://dx.doi.org/10.1108/jiabr-10-2014-0034.

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Purpose This paper aims to assess the effects of deposits structure and ownership structure on the GCC Islamic banks’ corporate governance disclosure (CGD) practices. Design/methodology/approach The study is based on a sample of 38 Islamic banks operating in five Gulf Cooperation Council (GCC) countries, and the authors observed them over the period from 2006 to 2011. The authors used the transparency and disclosure score, developed by Standard & Poor’s (S&P), to identify the sample’s CGD scores. Findings This paper’s findings suggest that the level of CGD is lower for Islamic banks with higher ownership concentration, for levered Islamic banks and for Islamic banks with greater concentration of nonprofit-sharing investment accounts (PSIA) and is higher for Islamic banks with greater concentrations of PSIA; the Islamic bank size; the bank age; listed bank and the country transparency index. By disaggregating the total CGD into the three sub-categories, the authors are able to specify, also, the components of corporate governance (CG) impacted by various determinants. Research limitations/implications This paper is subject to a number of limitations. First, there is manual scoring of annual reports (subjectivity). Second, the research focuses exclusively on the GCC context and excludes the other Middle East, Southeast Asia and Far East countries, where ownership structure and deposits structure might affect CGD differently. Third, the governance score, which is used in this research, is developed by S&P and does not take into account the characteristics of Islamic banks. Practical implications The findings of this paper suggest many policy implications. First, through the optimization of ownership structure, GCC countries’ regulators have to improve the Islamic banking system’s CG mechanisms through the optimization of ownership structure (dispersed ownership) to promote transparency and disclosure. Second, regulators and policymakers should revise guidelines with the main purpose of protecting PSIA’ holders (considered to be minor shareholders without voting power) through promoting disclosure and transparency. Third, the findings can be useful for many international supervisory bodies, like the Islamic Financial Services Board (IFSB) and Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), in evaluating transparency and disclosure standards. Originality/value This study is expected to be useful for all market participants, namely, investors, financial analysts, managers, marker regulators and many international Islamic supervisory bodies, such as the IFSB and AAOIFI, by providing new requirements on CGD in the GCC region and in better understanding its determinants for Islamic banks in this region.

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., Poniman, Sutrisno T, and Abdul Ghofar. "PENGARUH KEPEMILIKAN KELUARGA TERHADAP KEBIJAKAN DIVIDEN DENGAN BOARD OF INDEPENDENCE SEBAGAI VARIABEL MODERASI." MIX: JURNAL ILMIAH MANAJEMEN 8, no. 3 (November 19, 2018): 614. http://dx.doi.org/10.22441/mix.2018.v8i3.010.

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High concentration of family ownership in East Asia has led to agency conflicts between the majority and minority shareholders potentially affecting the company's dividend policy. This study aims to examine the effect of family ownership on dividend policy. This study also examined the role of board of independence as a moderator in strengthening the influence of family ownership on dividend policy. The result proves that family ownership negatively affects dividend policy but with the existence of board of independence, family ownership has positive effect on dividend policy. This study contributes to the theory of agency type II which discusses conflicts between majority shareholders by family and minority that can be eliminated by good corporate governance mechanisms

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Lemmon, Michael L., and Karl V. Lins. "Ownership Structure, Corporate Governance, and Firm Value: Evidence from the East Asian Financial Crisis." Journal of Finance 58, no. 4 (July 15, 2003): 1445–68. http://dx.doi.org/10.1111/1540-6261.00573.

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Hanazaki, Masaharu, and Qun Liu. "Corporate governance and investment in East Asian firms—empirical analysis of family-controlled firms." Journal of Asian Economics 18, no. 1 (February 2007): 76–97. http://dx.doi.org/10.1016/j.asieco.2006.12.003.

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Ho, Poh-Ling, and Grantley Taylor. "The impact of governance and ownership structure on disclosure patterns transcending major regulatory change in Malaysia." Corporate Ownership and Control 12, no. 1 (2014): 114–25. http://dx.doi.org/10.22495/cocv12i1p8.

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The purpose of this study is to investigate the extent of voluntary disclosures between 2006 and 2009 that transcends major regulatory and governance changes in Malaysia and to assess the association between strength of corporate governance structure, and ownership structure on the extent of voluntary disclosures of Malaysian listed firms over that period. The average level of voluntary disclosure within the annual reports of sample firms increased over the two periods. Further, the extent of voluntary disclosure is significantly positively associated with strength of corporate governance structure in both 2006 and 2009. Firms with concentrated ownership structure are associated with more extensive voluntary disclosures. These findings highlight the importance of an effective governance regime and concentrated ownership structure in reducing information asymmetry and agency costs and thereby enhancing the level of voluntary disclosures. These findings also have practical implications for policy-makers, analysts, auditors and regulators in Malaysia as well as East Asian countries

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Mehdi, Mili, Jean-Michel Sahut, and Frédéric Teulon. "Do corporate governance and ownership structure impact dividend policy in emerging market during financial crisis?" Journal of Applied Accounting Research 18, no. 3 (September 11, 2017): 274–97. http://dx.doi.org/10.1108/jaar-07-2014-0079.

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Purpose The purpose of this paper is to study the impact of the ownership structure and board governance on dividend policy in emerging markets. The authors test whether the effects of corporate governance on dividend policy change during crisis periods. Design/methodology/approach The authors use a panel regression approach on a sample of 362 non-financial listed firms from East Asian and Gulf Cooperation Council countries. Findings The results provide evidence that dividend payout decision increases with institutional ownership and board activity. The authors find that in emerging countries, dividend policy of firms with CEO duality and without CEO duality does not depend on the same set of factors. It is shown that the ownership concentration and board independency affect significantly the dividend policy of firms with COE duality. Finally, the results show that during the recent financial crisis, dividend decision is inversely related to CEO duality, board size and the frequency of board meetings. Research limitations/implications Other variables of corporate governance and ownership structure can be studied more in depth. The results can be directly compared to an alternative sample of developed countries. Practical implications This study is of particular interest for managers and shareholders when adjusting their strategies of dividend payout during financial crisis. Originality/value The authors employ a specific approach to investigate the impact of CEO duality on dividend policy in East Asian countries. An important aspect of the results is that that for firms with CEO who is also the chairperson, the dividend decision is negatively related to ownership concentration and board independence. This research contributes to the understanding of dividend policy by testing whether the impact of corporate governance on dividend policy changes during crisis periods in emerging countries. To the best of the authors’ knowledge, this work is the first to directly address this issue from this perspective.

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Rahmat, Mohd Mohid, Kamran Ahmed, and Gerald J. Lobo. "Related Party Transactions, Value Relevance and Informativeness of Earnings: Evidence from Four Economies in East Asia." Review of Pacific Basin Financial Markets and Policies 23, no. 01 (March 2020): 2050005. http://dx.doi.org/10.1142/s0219091520500058.

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We investigate the effect of related party transactions (RPTs) on value relevance and informativeness of accounting earnings for firms based in East Asia. Using a hand-collected sample of 398 listed companies comprising 1194 firm-year observations from Hong Kong, Malaysia, Singapore and Thailand, we find that firms engaging more extensively in RPTs have significantly lower value relevance and lower informativeness of earnings both in the current year and subsequent year than firms engaging less in RPTs. Furthermore, the results indicate that the types of RPTs affect value relevance and informativeness of earnings differently in that the effect of simple and loans RPTs are more negative than complex transactions. The extent of the negative effect of RPTs is lower in Hong Kong and Singapore where investor protection is higher compared to the other two economies. These findings are robust to controlling for firm-specific attributes, corporate governance, ownership structure, earnings quality, and a variety of sensitivity tests. These results are consistent with the conflict of interest view that RPTs compromise the quality of accounting earnings and this leads to the reduction in earnings and market value relationship for firms that engage in RPTs.

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Arif, Amirul, and Agus Purwanto. "Analisis Pengaruh Islamic Corporate Governance terhadap Manajemen Laba pada Bank Umum Syariah di Indonesia dan Malaysia." Permana : Jurnal Perpajakan, Manajemen, dan Akuntansi 12, no. 2 (August 16, 2020): 183–95. http://dx.doi.org/10.24905/permana.v12i2.107.

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The objective of the research is to analyze the effect of Islamic Corporate Governance toward the earnings management of Islamic banks in Indonesia and Malaysia. In South East Asia region, Malaysia and Indonesia are two countries with significant development in Islamic banking and finance. Islamic Banks have different characteristics from conventional banks, however they still deal with the financing risk that could not be claimed, so it is necessary for them to have loan loss provision that lead to the existence of earnings management. The populations of the research are some Islamic Banks located in Indonesia and Malaysia during the period of time 2012 until 2017. The total amount of samples in the research is 108. After conducting the tabulation of data stage, there is no outlier data, so that the amount of final samples remains 108. This research used data panel regression, Fixed Effect model. The result of the research showed that the meeting of Islamic supervisory council, audit committee's independence and the meeting of audit committee have significant effect toward the earnings management, meanwhile the number of Islamic supervisory council and audit committee do not have significant effect on the earnings management.

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Oehmichen, Jana. "East meets west—Corporate governance in Asian emerging markets: A literature review and research agenda." International Business Review 27, no. 2 (April 2018): 465–80. http://dx.doi.org/10.1016/j.ibusrev.2017.09.013.

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Sivalingam, Vglingam. "The new economic policy and financial reforms in Malaysia, 1997-2009." Corporate Ownership and Control 6, no. 4 (2009): 450–58. http://dx.doi.org/10.22495/cocv6i4c4p3.

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The focus of this paper is on the effect of the New Economic Policy on the reforms to the financial system in Malaysia that have taken place since the 1997 East Asian Financial Crisis. The paper discusses the reforms that were introduced to stabilize and strengthen the financial system and the institution of capital controls and a fixed exchange rate to stabilize the exchange rate in the context of the New Economic Policy. The paper discusses the reform measures that were taken to improve the balance sheet of banks and corporations and to protect depositors. The reforms were efficiently executed and the banking system and financial system are stable and banks have increased their lending over time. However, the financial system still remains susceptible to a terms of trade shock because the financial system persists as a relationship based system rather than a market based system although efforts have been made to strengthen the corporate governance of the financial institutions. However, corporate governance reforms are consistent with the objectives of the New Economic Policy and there is resistance to introducing reforms that converge with Anglo-Saxon norms of corporate governance.

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Genilo, Jude William R., and M. Rizwan Sharif. "Tobacco industry governance and responsibility discourses in Bangladesh." South East Asia Journal of Public Health 5, no. 2 (July 25, 2016): 13–22. http://dx.doi.org/10.3329/seajph.v5i2.28308.

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During the past decade, academics, bloggers, media practitioners and civil society groups in Bangladesh have criticized the tobacco industry for bringing about negative effects on societal health, environment, agriculture and education. Moreover, several newspaper reports have suggested these companies to be corrupt engaging in bribery, breaking of government regulations and laundering of money. In reply to these criticisms, tobacco firms have propagated discourses through the art of rhetoric in the public domain and initiated corporate social responsibility (CSR) activities to project themselves as caring and responsible entities. In light of this, the paper studied and evaluated the discourses on governance, transparency and responsibility as well as the CSR undertakings of the leading tobacco firms in the country British American Tobacco Bangladesh (BATB), Dhaka Tobacco Industries (DTI), Akij Group and Nasir Tobacco Industries. We searched related electronic and/or printed documents using a snowball technique and discourse analysis approach to review the documents. Findings indicated that tobacco companies highlighted in their communication materials (websites, annual reports, news releases, brochures, etc.) the following: ethical business practices, social responsibility, sound corporate governance, quality management and economic success. They likewise made it a point to associate themselves with important events in the nations history, particularly the 1971 Liberation War. More importantly, these companies conducted CSR activities in the areas stakeholders criticized them the most environmental protection (afforestation, biodiversity conservation and renewable energy), health (hospitals), education (primary education, youth development and scholarships) and agriculture (extension services). In so doing, these firms have managed to divert criticisms and instead, create a buzz regarding their social initiatives and governance practices. In this sense, the tobacco industry had succeeded in placing itself at a high moral ground in the country. In this light, it is recommended that further studies should be conducted regarding the CSR projects of tobacco companies in the country analyzing whether these fit to the relevant criteria and acceptable standards of a CSR.South East Asia Journal of Public Health Vol.5(2) 2015: 13-22

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Ramachandran, Jayalakshmy, Nafis Alam, and Chea Ei Goh. "A win-win situation for both managers and shareholders." Managerial Finance 46, no. 8 (April 16, 2020): 977–1000. http://dx.doi.org/10.1108/mf-07-2018-0308.

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PurposeTo examine the impact of corporate governance on Cost of Capital (COC) and financial distress in the ASEAN countries.Design/methodology/approachWe compiled a list of the 50 largest publicly listed firms by market capitalization in each of the following five East Asian countries, namely Malaysia, Singapore, Thailand, the Philippines, and Indonesia. Furthermore, we then divided the five countries into two distinctive categories – (i) Malaysia and Singapore (Common Law/strong legal protection countries) and (ii) Thailand, the Philippines, and Indonesia (Civil Law/weak legal protection countries). The annual data is collected for the time period ranging from 2006 to 2015, allowing a total observation of 1,317 firm years.FindingsOverall, the paper supports the findings of many researchers that Board independence, promulgating good corporate governance, leads to better access to capital at lower cost, thus providing growth opportunities for ASEAN region. Taking lead from Simpson and Gleason (1999) and similar, we emphasize that during financial distress CEO duality will strengthen control systems and reduce internal discord in ASEAN firms.Originality/valueThe paper is one of the niche studies that has incorporated the difference between civil and common law rule in the study of corporate governance and its impact on financial measures of firms' in the ASEAN countries.

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Mitton, Todd. "A cross-firm analysis of the impact of corporate governance on the East Asian financial crisis." Journal of Financial Economics 64, no. 2 (May 2002): 215–41. http://dx.doi.org/10.1016/s0304-405x(02)00076-4.

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Hsieh, Tsun-Jui, and Yu-Ju Chen. "Family business, director compensation and board efficacy: the case of Taiwan." Corporate Ownership and Control 11, no. 1 (2013): 81–91. http://dx.doi.org/10.22495/cocv11i1art7.

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This paper investigates the impact of outside directors on firm performance during legal transitions and examines how the roles of family business and director compensation influence board efficacy. By using Taiwanese listed companies as our sample, the empirical results show that outside directors who are appointed by legal mandate have less positive impacts on firm performance than outside directors appointed voluntarily. Family business weakens the positive impact of outside director on firm performance. The evidence further suggests that director compensation contributes to firm performance, particularly when outside directors are voluntarily appointed. The findings provide western managers with an understanding of how the typical Chinese family business affects board independence. We also demonstrate and incorporate the cultural and the ownership characteristics into the analysis to present a country-specific pattern that should be informative for foreign investors who are concerned about the quality of corporate governance in East Asia.

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Gadhoum, Yoser, Jean-Pierre Gueyié, and Mohamed Hentati. "Ownership structure and expropriation in stock exchange listed firms." Corporate Ownership and Control 3, no. 3 (2006): 79–87. http://dx.doi.org/10.22495/cocv3i3p6.

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This paper analyses firms’ ownership structure and corporate governance in seven countries, with an emphasis on stock exchange listed firms. This focus is, in our view, important because these firms are more representative of the economies of countries included in our sample. Our results indicate that in Canada, Europe and East-Asia, ownership structure is highly concentrated. Most of the firms are controlled by at least one large shareholder who reinforces his or her control with devices such as multiple voting right shares, pyramidal structures, cross ownership, and reciprocal holding. In the U.S., firms’ ownership structure is more diffuse. The use of means to separate ownership from control is less present and the control of the large shareholder is lower than in the other sample countries. Being listed on the stock exchange can explain the firm’s ownership structure. Exchange-listed firms, which are generally larger in size than unlisted firms, tend to have more diffused ownership. Further, the legal system hypothesis formulated by La Porta, Lopez-De-Silanes, Shleifer & Vishny (1998) does not hold for the countries we analysed

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Sanny, Sanny, and Yusni Warastuti. "Analisis Pengaruh Kinerja Keuangan dan Tata Kelola Perusahaan Terhadap Kondisi Kesehatan Keuangan Perusahaan." Jurnal Akuntansi Bisnis 18, no. 1 (July 30, 2020): 63. http://dx.doi.org/10.24167/jab.v18i1.2702.

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Company’s financial health is one of the important factors that must be maintained by the company to maintain the sustainability of its business. The objective of the study is to examine the effect of financial performance and corporate governance on financial health. Financial performance is reflected by three indeps: leverage, liquidity, and profitability. While corporate governance is reflected by managerial ownership, institutional ownership, the proportion of independent commissioners, and the size of audit committee. This study used financial report of listed manufacturing companies in Indonesia Stock Exchange (IDX) during 2013-2017. The data was collected by purposive sampling. This study used logistic regression analysis to examine seven of independent variables on financial health. The result indicate leverage and institutional ownership were significant and negatively affected the company’s financial health. While liquidity and profitability were significant and positively affected the company’s financial health. Almilia, L. S., dan Kristijadi. 2003. Analisis Rasio Keuangan untuk Memprediksi Kondisi Financial Distress Perusahaan Manufaktur yang terdaftar di Bursa Efek Jakarta. JAAI, 7(2), 183–210. Bodroastuti, T. 2009. Pengaruh Struktur Corporate Governance terhadap Financial Distress. Retrieved from Pengaruh Corporate Governance Structure dan Management Agency Cost terhadap Financial Distress Cinantya, I., dan Merkusiwati, N. 2015. Pengaruh Corporate Governance , Financial Indicators , dan Ukuran Perusahaan pada Financial Distress. E, 10.3, 897–915. Diakses dari: https://ojs.unud.ac.id/index.php/Akuntansi/article/view/10418 Dewi, N. K. U. G., & Dana, M. 2017. Variabel Penentu Financial Distress pada Perusahaan Manufaktur di Bursa Efek Indonesia. E-Jurnal Manajemen Unud, 6(11), 5834–5858. Gottardo P., Moisello A.M. 2019. Family Influence, Leverage and Probability of Financial Distress. In: Capital Structure, Earnings Management, and Risk of Financial Distress. SpringerBriefs in Bussiness. Springer, Cham Gunawijaya, I. N. A. 2015. Pengaruh Karakteristik Komite Audit, Independensi Dewan Komisaris, Reputasi Auditor terhadap Financial Distress. Jurnal Akuntansi Bisnis, XIV(27), 111–130. Hanafi, J., & Breliastiti, R. 2016. Peran Mekanisme Good Corporate Governance dalam Mencegah Perusahaan Mengalami Financial Distress. Jurnal Online Insan Akuntan, 1(1), 195–220. Hanifah, O. E., & Purwanto, A. 2013. Pengaruh Struktur Corporate Governance dan Financial Indicators terhadap Kondisi Financial. Diponegoro Journal of Accounting, 2(2), 1–15. Haq, A. Q., Rikumahu, B., dan Firli, A. 2016. Pengaruh Karakteristik Praktik Corporate Governance terhadap Prediksi Financial Distress. Jurnal Profit, 3(1), 9–20. Harmawan, D. 2013. Pengaruh Karakteristik Komite Audit, Ukuran Dewan, dan Struktur Kepemilikan Terhadap Financial Distress. Helena, S., & Saifi, M. 2018. Pengaruh Corporate Governance terhadap Financial Distress ( Studi pada Perusahaan Transportasi yang terdaftar di Bursa Efek Indonesia Periode 2013-2016 ). Jurnal Administrasi Bisnis, 60(2), 143–152. Herdinata, C. 2016. Mekanisme Kontrol dan Konflik Keagenan. Diakses dari: http://repository.wima.ac.id/5363/1/ Jantadej, P. 2006. Using the Combinations of Cash Flow Components to Predict Financial Distress. Diakses dari: https://search.proquest.com/docview/305290668 Jumianti, R., Rambe, P. A., dan Ratih, A. E. 2015. Pengaruh Mekanisme Corporate Governance dan Kinerja Keuangan terhadap Financial Distress pada Perusahaan Manufaktur yang Terdaftar di BEI Periode 2011-2014. Mafiroh, A., dan Triyono. 2016. Pengaruh Kinerja Keuangan dan Mekanisme Corporate Governance terhadap Financial Distress ( Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Periode 2011-2014. Riset Akuntansi Dan Keuangan Indonesia 1(1): 46–53. Mashady, D., dan Husaini, A. 2014. Pengaruh Working Capital Turnover (WCT), Current Ratio (CR), dan Debt to Total Assets (DTA) Terhadap Return on Investment (ROI). Jurnal Administrasi Bisnis, 7(1): 1-10. Maulida, I. S., Moehaditoyo, S. H., dan Nugroho, M. 2018. Analisis Rasio Keuangan untuk Memprediksi Financial Distress pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia 2014-2016. JIABI, 2(1), 179–193. Munawir. 2001. Analisis Laporan Keuangan, Yogyakarta: Liberty. Murhadi, W. 2013. Analisis Laporan Keuangan: Proyeksi dan Valuasi Saham. Jakarta: Salemba Empat. Noor, H. 2009. Pengelolaan Keuangan Bisnis dan Pengembangan Ekonomi Masyarakat. Jakarta: Indeks. Platt, H., dan Platt, M. 2002. Predicting Corporate Financial Distress : Reflections on Choice-Based Sample Bias. Journal of Economic and Finance, 26(2). Pratiwi, et al. 2015. Analisis Mekanisme Good Corporate Governance terhadap Manajemen Laba pada Perusahaan Manufaktur yang terdaftar di BEI. Jurnal Riset Mahasiswa Akuntansi, 1–15. Rahmawati, T. 2016. Pengaruh Kapasitas Operasi, Pertumbuhan Penjualan, Komisaris Independen, dan Kepemilikan Publik terhadap Financial Distress. Jurnal Ilmu Manajemen Dan Akuntansi Terapan, 7(2), 132–145. Revina, Januarsi, Y., dan Muhtar. 2014. Mekanisme Internal dan Eksternal Corporate Governance dalam Memitigasi Financial Distress pad Industri Transportasi di Indonesia, 1–21. Rustam, B.2018. Manajemen Risiko: Prinsip, Penerapan, dan Penelitian. Jakarta: Salemba Empat. Sameera, T.K.G., Senaratne, S. 2015. Impact of Corporate Governance Practices on Probability and Resolution of Financial Distress of Listed Companies in Sri Lanka. Insight for Suistainable Development in Emerging Economics. Proceedings of the 4th International Conference on Management and Economics-ICME 2015 Santoso, S. I., Fala, D. Y. A. S., dan Khoirin, A. N. N. 2017. Pengaruh Laba , Arus Kas dan Corporate Governance terhadap Financial Distress. Jurnal Al-Buhuts, 1(1), 1–22. Sari, P. 2012. Analisis Pengaruh Rasio Keuangan terhadap Financial Distress pada Perusahaan Property dan Real Estate yang Terdaftar Di Bursa Efek Indonesia Tahun 2011, 43–53. Diakses dari: http://journal.umg.ac.id/index.php/manajerial/article/view/427/373 Sari, N. L. K. M., dan Putri, I. G. A. M. A. D. 2016. Kemampuan Profitabilitas Memoderasi Pengaruh Likuiditas dan Leverage terhadap Financial Distress. E-Jurnal Ekonomi Dan Bisnis Universitas Udayana, 5.10, 3419–3448. Sekaran, U. 2015. Research Methods for Business. Jakarta: Salemba Empat. Setiyowati, N. H. 2016. Analisis Pengaruh Struktur Corporate Governance, Likuiditas, Dan Leverage terhadap Financial Distress pada Sektor Perbankan yang Terdaftar di Bursa Efek Indonesia Tahun 2011-2013. Shahwan, Tamer Mohamed. 2015. The Effect of Corporate Governance on Financial Performance and Financial Distress: Evidence from Egypt. Corporate Governance. The International Journal of Bussiness in Society, 15 (5). Subramanyam, K.,dan Wild, J. 2013. Analisis Laporan Keuangan. Jakarta: Salemba Empat. Surya, I., dan Yustiavandana, I. 2006. Penerapan Good Corporate Governance: Mengesampingkan Hak-Hak Istimewa demi Kelangsungan Usaha. Jakarta: Kencana. Triwahyuningtias, M., dan Muharam, H. 2012. Analisis Pengaruh Struktur Kepemilikan, Ukuran Dewan, Komisaris Independen, Likuiditas dan Leverage terhadap Terjadinya Kondisi Finacial Distress. Diponegoro Journal of Management. Warastuti, Y.,& Sitinjak, E. 2014. Analysis of Model-Based Prediction of Bank Bankruptcy in The Banking Companies Listed in Indonesia Stock Exchange 2008-2012. South East Asia Journal of Contempory Bussiness, Economic and Law, 5(1), 71-81. Widyastuti, L. 2015. Analisis Pengaruh Mekanisme Corporate Governance , Financial Indicators dan Firm Size terhadap Financial Distress pada Perusahaan Manufaktur di BEI Periode Tahun 2010-2014, 1–10. Keputusan Menteri Badan Usaha Milik Negara Nomor KEP-117/M-MBU/2002. Diakses Dari: https://www.google.co.id/url?sa=t&source=web&rct=j&url=http:// Abstrak Kesehatan keuangan perusahaan merupakan salah satu faktor penting yang harus dijaga oleh perusahaan untuk mempertahankan keberlanjutan usahanya. Tujuan dari penelitian ini adalah untuk menganalisis pengaruh dari kinerja keuangan dan tata kelola perusahaan terhadap kondisi kesehatan perusahaan. Kinerja keuangan di cerminkan oleh tiga variabel: leverage, likuiditas, dan profitabilitas. Sedangkan tata kelola perusahaan dicerminkan oleh kepemilikan manajerial, kepemilikan institusional, proporsi dewan komisaris independen, dan ukuran komite audit. Penelitian ini menggunakan laporan keuangan perusahaan manufaktur yang terdaftar di BEI tahun 2013-2017. Data dikumpulkan menggunakan metode purposive sampling. Penelitian ini menggunakan analisis regresi logistik dan hasil penelitian menemukan bahwa leverage dan kepemilikan institusional berpengaruh secara signifikan dan negatif terhadap kondisi kesehatan keuangan perusahaan yang berarti perusahaan dengan leverage dan kepemilikan institusional tinggi cenderung berada pada kondisi financial distress, sedangkan likuiditas dan profitabilitas berpengaruh signifikan dan positif terhadap kondisi kesehatan keuangan perusahaan yang berarti bahwa perusahaan dengan likuiditas dan profitabilitas tinggi akan cenderung pada kondisi finansial sehat.

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Dang, Man, and Darren Henry. "Partial-control versus full-control acquisitions: Does target corporate governance matter? Evidence from eight East and Southeast Asian countries." Pacific-Basin Finance Journal 40 (December 2016): 251–65. http://dx.doi.org/10.1016/j.pacfin.2015.12.011.

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Al-Mamun, Abdullah, Qaiser Rafique Yasser, Md Ashikur Rahman, Ananda Wickramasinghe, and Thurai Murugan Nathan. "Relationship between audit committee characteristics, external auditors and economic value added (EVA) of public listed firms in Malaysia." Corporate Ownership and Control 12, no. 1 (2014): 899–910. http://dx.doi.org/10.22495/cocv12i1c9p12.

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Malaysia is a developing economy which is one of the corporate leaders in South East Asian countries. Practicing audit committee is mandatory for public listed firms in Malaysia according to Bursa Malaysia Listing Requirements as well Malaysian Code of Corporate Governance. The purpose of this paper is to examine the association between audit committee characteristics and firm performance among public listed firms in Malaysia. This study employed EVA as performance measurement tool. The sample is 75 firm year observations and covers fiscal years 2008-2010. The study found that audit committee independence is positively associated with firm performance while audit quality is negatively associated in Malaysia. Overall, audit committee characteristics have a positive effect on firm performance. This study contributes to the literature as well as in empirical evidence on audit committee characteristics and firm audit quality. The results suggest that Big 4 firms have a negative impact on value based measure in Malaysia.

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Ng, Christina Y. M. "An Empirical Study on the Relationship between Ownership and Performance in a Family-Based Corporate Environment." Journal of Accounting, Auditing & Finance 20, no. 2 (April 2005): 121–46. http://dx.doi.org/10.1177/0148558x0502000202.

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This study examines the relationship between family ownership and firm performance in a family-based corporate environment in which managerial ownership is used as a proxy for family ownership. The relationship is in cubic form with a pattern of “entrenchment-alignment-entrenchment,” which is the reverse of that found in earlier U.S. and U.K. studies. This confirms that research based on U.S. and U.K. evidence is not applicable to East-Asian corporations due to the differences in ownership concentration. Taking the endogeneity issue into consideration, the simultaneous equations regression analysis confirms that in a family-owned corporate structure, ownership affects performance and not vice versa. The wide range of alignment in the nonmonotonic relationship supports the classical “convergence of interest” hypothesis. However, at a very high level of ownership, the entrenchment effect becomes dominant. This indicates that if the family form of ownership can be controlled and made use of appropriately, firm performance can be optimized due to convergence of interest. It also follows that a company with high ownership concentration should pay even more attention to improving corporate governance practices in order to enhance its performance.

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Yeh, Yin-Hua. "Corporate ownership and control: New evidence from Taiwan." Corporate Ownership and Control 1, no. 1 (2003): 87–101. http://dx.doi.org/10.22495/cocv1i1p8.

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Recent empirical literature on corporate governance has demonstrated that companies’ shares are generally concentrated in the hands of particular families or wealthy investors. Claessens et al. (2002) analyzed the ownership structure in East Asian eight countries, but misestimated the Taiwanese condition that made them not find the positive incentive or negative entrenchment effects in Taiwan. This study tries to clear the ultimate control in Taiwan, use the detailed data to better understand the ownership structure in Taiwan and investigates the determinants for deviation of control from cash flow rights. Based on the findings, the companies’ shares are common concentrated in the hands of the largest shareholder. We find that the deviation of control from cash flow rights is greater in the family-controlled companies than other type companies. Also the controlling shareholders use more pyramids and cross shareholding to increase their control rights that accompanies with deeply management participation. On the average, the controlling shareholders hold more than half board seats and usually occupy the chairman and general manger to enhance their control power in family-controlled companies. No matter in all sample or family-controlled companies, the controlling shareholders owns significantly less cash flow rights, occupy more board seats in deviation group companies than those without deviation. Corporate valuation is significantly lower in the companies with the divergence of control from cash flow rights than non-deviation companies.

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ESCRIBANO, ALVARO, J. LUIS GUASCH, MANUEL DE ORTE, and JORGE PENA. "INVESTMENT CLIMATE ASSESSMENT IN INDONESIA, MALAYSIA, THE PHILIPPINES AND THAILAND: RESULTS FROM POOLING FIRM-LEVEL DATA." Singapore Economic Review 54, no. 03 (August 2009): 335–66. http://dx.doi.org/10.1142/s0217590809003379.

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Investment Climate surveys (ICs) are a recent instrument used by the World Bank to identify key obstacles to country competitiveness and to guide policy reforms and government interventions in developing countries. In this paper, panel data from four ICs of four South East Asian (SEA) countries namely, Indonesia, Malaysia, The Philippines, and Thailand, are pooled to estimate total factor productivity (TFP) and allocative efficiency aspects of firms in each country, using variants of the Olley and Pakes (1996) productivity decomposition. Several economic performance results are disaggregated to obtain country-specific evaluation of the IC impacts. To establish priorities for policy reforms, the corresponding key IC results are organized in five categories: infrastructures, red tape, corruption and crime, finance and corporate governance, quality, innovation and labor skills, and other control variables.

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Pandey, I. M., and Visit Ongpipattanakul. "Agency behavior and corporate restructuring choices during performance decline in an emerging economy." International Journal of Managerial Finance 11, no. 2 (April 7, 2015): 244–67. http://dx.doi.org/10.1108/ijmf-03-2014-0035.

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Purpose – Restructuring strategies are complicated processes and choices are influenced by and interact with the agreements and conflicts of interest among stakeholders. Firms in the emerging economies are characterized by high growth, high leverage, less effective corporate governance and different legal and institution context as compared to the firms in the developed economies. The purpose of this paper is to explain the agency monitoring variables that influence decisions to select and/or avoid restructuring strategies of the firms that have experienced a performance decline in an emerging economy. The authors have chosen Thailand as an example of an emerging economy as it was believed as the center of the major Asian economic crisis in mid-1997. Design/methodology/approach – The sample of the study comprises 120 Thai non-financial firms listed on the Stock Exchange of Thailand, all of which experienced a performance decline for two consecutive years during 1997-2008; the years 1997 and 1998 coinciding with financial crisis. The study uses panel logistic regressions to examine the likelihood of the choices of restructuring strategies given the agency variables after controlling for other possible influences. Findings – The results show that restructuring strategy choices are significantly influenced by both agency factors and control variables. The results show both similarities to and differences from earlier studies of the developed economies. The similarities are found in leverage agency behaviors. The differences in the results are found in the types and the details of the agency factors, in particular the management ownership and governance factors. The authors also explore the effects of the agency variables interactions on the choices of restructuring strategies of the performance-declining firms. Research limitations/implications – Emerging economies have many similarities, but they also demonstrate some country specific differences. This study is confined to one single country, and thus, may not be comparable with other emerging economies due to differences in factors such as regulatory, institutional, tax environments etc. However, it does show a way to conduct such studies in the context of other countries. Originality/value – To the knowledge, this is the first comprehensive study of corporate restructuring in an emerging economy, particularly of the South-East Asian economy. The authors also show, for the first time, the agency variables interactions effects on the restructuring strategies of the firms. Thus, the study contributes to the growing literature of the corporate restructuring in terms of the contextual knowledge of the emerging economies.

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Shigufta Hena Uzma, Shigufta Hena Uzma. "Cost-benefit analysis of IFRS adoption: developed and emerging countries." Journal of Financial Reporting and Accounting 14, no. 2 (October 3, 2016): 198–229. http://dx.doi.org/10.1108/jfra-01-2015-0019.

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Purpose The paper aims to build a greater understanding of countries transitioning from local generally accepted accounting principles (GAAP) to International Financial Reporting Standards (IFRS). Second, the study assembles prior literature and examines the issues raised during the convergence. Finally, the paper recognises the implications of successful convergence practices that may be useful to other emerging markets and particular reference to India which is transitioning from local GAAP to IFRS-based principles. Design/methodology/approach The present study is a qualitative analysis that explores the Cost-benefit outcome carried by developed nations. The paper segregates the literature into three segments: developed nations, East Asian countries and the Brazil, Russia, India and China (BRIC) nations. Findings There are numerous issues and implications divulged from studies pertaining to the adoption of IFRS, i.e. corporate governance, fair value accounting and other environmental concerns. The paper further illustrates instances of dissimilarity of the Indian Accounting Standards to the IFRS. Research limitations/implications It is evident from the literature that limited studies have been carried out in the context of East Asian countries and BRIC nations in comparison to the developed nations. Further research should provide more comprehensive empirical evidence on the outcome of mandatory adoption of IFRS on firms in emerging countries. Originality/value The paradigm practice of mandatory adoption of IFRS by developed nations can be an insight for emerging countries that participate in the capital markets and for companies in compliance with the IFRS.

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Li, Shaomin, and Anil Nair. "Asian Corporate Governance or Corporate Governance in Asia?" Corporate Governance: An International Review 17, no. 4 (July 2009): 407–10. http://dx.doi.org/10.1111/j.1467-8683.2009.00762.x.

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Cheung, Stephen Y. L., and Bob Y. Chan. "Corporate governance in Asia." Asia-Pacific Development Journal 11, no. 2 (October 6, 2006): 1–31. http://dx.doi.org/10.18356/c89f4feb-en.

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Quach, Quynh Thuy. "Transplantation of Derivative Actions to Vietnam - Tip-offs from Absence of Academic Debate." Asian Journal of Comparative Law 7 (2012): 1–35. http://dx.doi.org/10.1017/s2194607800000636.

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AbstractDerivative actions have just been newly introduced into Vietnamese company law in 2010. The adoption of the derivative action is a striking signal of Vietnam's affiliation with the litigation bandwagon of East Asian countries. Unlike those Asian countries where the issue of the transplanting and functioning of derivative actions are well-discussed topics in the corporate governance literature, such discussions have not yet begun in Vietnam. In fact, the derivative action was adopted without a domestic academic debate to pave the way for its introduction. The lack of discussion on the one hand is troublesome to those who want to review the transplantation of the derivative action to Vietnam. On the other hand, this absence also detaches the Vietnamese academic debate from the on-going international debate on the subject.Seeking possible explanations for the absence of such debate is the first aim of this article. Towards this end, the article proposes three explanation which help to explain why the derivative action had never been widely discussed in Vietnam before its introduction. Such explanations enable us to better understand the context in which the action was introduced. Moreover, the explanations provide us with hints to predict the feasibility of the derivative action in the jurisdiction. The second aim of this article is to give some suggestions to improve the newly-adopted regulations on derivative actions. For this purpose, some of the ambiguities and deficiencies of the regulations are discussed. Based on the understanding of its surrounding context and its own deficiencies, the article comes up with conclusions on the future of the derivative action in Vietnam.

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Claessens, Stijn, and Joseph P. H. Fan. "Corporate Governance in Asia: A Survey." International Review of Finance 3, no. 2 (June 2002): 71–103. http://dx.doi.org/10.1111/1468-2443.00034.

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Welford, Richard. "Corporate governance and corporate social responsibility: issues for Asia." Corporate Social Responsibility and Environmental Management 14, no. 1 (2007): 42–51. http://dx.doi.org/10.1002/csr.139.

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Journal articles on the topic 'Corporate governance – East Asia'

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