Gateway to Think Tanks
来源类型 | Dissertations |
规范类型 | 其他 |
来源ID | RGSD-310 |
Can Economic Openness Inspire Better Corporate Governance? An Exploration of the Link between Openness and Corporate Governance based on the Asian Experience | |
Lisa Klautzer | |
发表日期 | 2013 |
出版年 | 2013 |
页码 | 145 |
语种 | 英语 |
摘要 | This dissertation explores the link between economic openness and companies' corporate governance practices in developing countries. It establishes a conceptual framework where it considered the factors playing into the cost-benefit analysis of a company when deciding on corporate governance practices and how economic openness influences this. Drawing on data from eleven Asian countries, it then empirically tests the hypothesis that economic openness can stimulate the adoption of better corporate governance practices. It focuses on Asian countries because their accelerated economic growth in the last decades has led the way in catching up with developed countries and at the same time the region displays variation in both economic openness and firms' corporate governance practices. The results indicate a positive and statistically significant impact of economic openness on corporate governance: On average, companies in economically more open countries adopt more transparent reporting on corporate governance issues in their annual reports. These results hold when instrumenting economic openness to avoid biased results due to endogeneity between corporate governance and economic openness. From a policy perspective, these findings suggest a more market-driven approach to improving corporate governance, which may be a good alternative or complement to regulatory efforts. |
目录 | Table of Contents
|
主题 | Asia-Pacific Economic Cooperation ; Corporate Governance ; Developing Countries ; International Economic Relations |
URL | https://www.rand.org/pubs/rgs_dissertations/RGSD310.html |
来源智库 | RAND Corporation (United States) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/111927 |
推荐引用方式 GB/T 7714 | Lisa Klautzer. Can Economic Openness Inspire Better Corporate Governance? An Exploration of the Link between Openness and Corporate Governance based on the Asian Experience. 2013. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
rgs_dissertations.gi(1KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
RAND_RGSD310.pdf(1386KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
个性服务 |
推荐该条目 |
保存到收藏夹 |
导出为Endnote文件 |
谷歌学术 |
谷歌学术中相似的文章 |
[Lisa Klautzer]的文章 |
百度学术 |
百度学术中相似的文章 |
[Lisa Klautzer]的文章 |
必应学术 |
必应学术中相似的文章 |
[Lisa Klautzer]的文章 |
相关权益政策 |
暂无数据 |
收藏/分享 |
除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。