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East meets west—Corporate governance in Asian emerging markets: A literature review and research agenda

Jana Oehmichen

International Business Review, 2018, vol. 27, issue 2, 465-480

Abstract: This review examines how corporate governance mechanisms in the Asian emerging markets (AEMs) context affect firm-level outcomes. Literature about characteristics of the main corporate governance actors (boards and owners), their effects on firm-level outcomes, and contingency factors in AEMs offers interesting first insights. I synthetize these results and develop a research agenda that proposes how AEM corporate governance research should extend (but not ignore) agency theory, how AEM research about firm effects of corporate governance could take a stakeholder-oriented perspective, and how research could utilize the AEM institutional context to model contingency factors and extend our theoretical understanding of corporate governance.

Keywords: Emerging markets; Asia; Institutions; Corporate governance; Ownership structure; Boards of directors (search for similar items in EconPapers)
Date: 2018
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Handle: RePEc:eee:iburev:v:27:y:2018:i:2:p:465-480