Corporate Governance, Evolution of Corporate Laws and Asian Economic Development into the 21st Century
The purpose of this paper is to build on the Wellon - Piston analysis and to make two specific proposals for the further evolution of corporate law in Asian countries. The first of these proposals is designed to deal with important aspects of the current economic and financial crisis in South East and East Asia. It addresses the problem of corporate restructuring in these countries in the wake of the economic crisis and considers specifically the case of South Korea. The second proposal is concerned with the more general issue of corporate governance in semi-industrial countries and refers particularly to the Indian situation. The two proposals are not, however, entirely independent. The first proposal could potentially have significant implications for corporate governance while the second proposal is also likely to be helpful in the restructuring of the Asian economies as they begin to recover from the crisis.
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"Competition, Corporate Governance and Financing of corporate Growth in Emerging Markets,"
Accounting and Finance Discussion Papers
00-af46, Faculty of Economics, University of Cambridge.
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- Khanna, Tarun, 2000. "Business groups and social welfare in emerging markets: Existing evidence and unanswered questions," European Economic Review, Elsevier, vol. 44(4-6), pages 748-761, May.
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"Emerging stock markets, portfolio capital flows and long-term economie growth: Micro and macroeconomic perspectives,"
Elsevier, vol. 26(4), pages 607-622, April.
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- John Mullin, 1993. "Emerging equity markets in the global economy," Quarterly Review, Federal Reserve Bank of New York, issue Sum, pages 54-83.
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