IDEAS home Printed from https://ideas.repec.org/p/oec/devaaa/180-en.html
   My bibliography  Save this paper

Corporate Governance and National Development

Author

Listed:
  • Charles P. Oman

Abstract

Corporate governance matters for national development. Case studies of Argentina, Brazil, Chile, China, India, Malaysia and South Africa suggest that it has a role of growing importance to play in helping to increase the flow of financial capital to firms in developing countries. Equally important are the potential benefits of improved corporate governance for overcoming barriers, including the actions of vested interest groups, to achieving sustained productivity growth. Improved corporate governance, however, cannot be considered in isolation. In the financial sector, attention must also be given to measures to strengthen the banking sector, and a country’s financial institutions as a whole. In the “real” sector, close attention must be given to competition policy and sector–specific regulatory reform.Forces working in favour of improved corporate governance in developing countries include those operating both on the demand and on the supply side of domestic and international ... La gouvernance des entreprises est un élément clé de développement national. D’après une série d’études de cas (Afrique du Sud, Argentine, Brésil, Chili, Chine, Inde et Malaisie), elle joue un rôle de plus en plus important dans l’accroissement des flux de capitaux destinés à financer les entreprises des pays en développement. Tout aussi importants sont les bénéfices potentiels d’une meilleure gouvernance des entreprises pour surmonter les obstacles (notamment les actions des groupes d’intérêts cartélisés) à une croissance durable de la productivité dans l’économie « réelle ». L’amélioration de la gouvernance des entreprises ne peut cependant pas être considérée hors de son contexte. Du côté du secteur financier, il faut s’attacher également au renforcement du secteur bancaire et des institutions financières nationales dans leur ensemble. Du côté du secteur réel, la politique de la concurrence et les réformes réglementaires sectorielles doivent faire l’objet d’une attention ...

Suggested Citation

  • Charles P. Oman, 2001. "Corporate Governance and National Development," OECD Development Centre Working Papers 180, OECD Publishing.
  • Handle: RePEc:oec:devaaa:180-en
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1787/113535588267
    Download Restriction: no

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Gilberto E. Arce & Edgar Robles C., 2005. "Corporate Governance in Costa Rica," Research Department Publications 3218, Inter-American Development Bank, Research Department.
    2. Vicente Cuñat, 2009. "Finance for Development: Latin America in a Comparative Perspective. By BARBARA STALLINGS with ROGERIO STUDART," Economica, London School of Economics and Political Science, vol. 76(301), pages 216-217, February.
    3. Reaz, Mazrur & Arun, Thankom G., 2005. "Corporate Governance in Developing Economies: Perspective from the Banking Sector in Bangladesh," Development Economics and Public Policy Working Papers 30545, University of Manchester, Institute for Development Policy and Management (IDPM).
    4. Alberto Chong & Alejandro Izquierdo & Alejandro Micco & Ugo Panizza, 2003. "Conducción empresarial y flujos de capitales privados hacia América Latina," Research Department Publications 4324, Inter-American Development Bank, Research Department.
    5. Alberto Chong & Alejandro Izquierdo & Alejandro Micco & Ugo Panizza, 2003. "Corporate Governance and Private Capital Flows to Latin America," Research Department Publications 4323, Inter-American Development Bank, Research Department.
    6. Thierry Mayer, 2006. "Policy Coherence for Development: A Background Paper on Foreign Direct Investment," OECD Development Centre Working Papers 253, OECD Publishing.
    7. Sándor Gardó, 2010. "Bank Governance and Financial Stability in CESEE: A Review of the Literature," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue 1, pages 6-31.
    8. Thankom Gopinath Arun & John Turner, 2009. "Corporate Governance of Banks in Developing Economies: Concepts and Issues," Chapters,in: Corporate Governance and Development, chapter 7 Edward Elgar Publishing.
    9. repec:onb:oenbwp:y:2010:i:1:b:1 is not listed on IDEAS
    10. Chisari, Omar O. & Ferro, Gustavo, 2009. "Gobierno Corporativo: los problemas, estado actual de la discusión y un ejercicio de medición para Argentina
      [Corporate Governance: the problems, the current stage of the discussion and a measureme
      ," MPRA Paper 15630, University Library of Munich, Germany.
    11. Gilberto E. Arce & Edgar Robles C., 2005. "Gobierno Corporativo en Costa Rica," Research Department Publications 3219, Inter-American Development Bank, Research Department.
    12. repec:rss:jnljef:v4i5p7 is not listed on IDEAS
    13. Lee Yong-Shik, 2015. "Call for a New Analytical Model for Law and Development," The Law and Development Review, De Gruyter, vol. 8(1), pages 1-67, June.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oec:devaaa:180-en. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (). General contact details of provider: http://edirc.repec.org/data/dcoecfr.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.