Corporate Governance An Emerging Market Context

Emerging economies have been grossly underrepresented in the corporate governance research. This book contributes in understanding the efficacy of corporate governance instruments influencing firm performance in emerging markets. Given the huge institutional differences between systems of governance practiced in emerging and developed economies, it is interesting to know whether existing differences in institutional and regulatory practices also translate into differences in the relationship between ownership and performance. Addressing ownership-performance relationship, this book has provided new insights for distinct governance model in emerging markets where replication of Western model may not be realistic without reflecting home-grown unique features and local contexts of the country. Instead, there is a need for a robust governance structure that is a balance between socio-economic environment of the country and the good features of Western model to meet the challenge of strengthening governance mechanisms in emerging markets. This book is of particular interest of the regulators, policy makers and stakeholders across the countries of the world.