Corporate Governance, Competition, and Finance: Re-thinking Lessons from the Asian Crisis

Jack Glen and Ajit Singh
Additional contact information
Jack Glen: IFC

Eastern Economic Journal, 2005, vol. 31, issue 2, 219-243

Abstract: This paper critically examines the Greenspan-Summers-IMF thesis concerning the Asian crisis, which suggested that the fundamental causes of the Asian crisis lay in the microeconomic behavior of economic agents in these societies--in the Asian way of doing business. The paper concentrates on corporate governance and competition in emerging markets and outlines the international significance of these issues in the context of the New International Financial Architecture and the Doha Development Agenda at the WTO. It reviews new analyses and fresh evidence on corporate governance, on corporate finance, and on competition in emerging and mature markets, to suggest that the basic thesis above is not valid and the consequent policy proposals are therefore deeply flawed.

Keywords: Corporate Control; Finance (search for similar items in EconPapers)
JEL-codes: G32 G34 O16 (search for similar items in EconPapers)
Date: 2005
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

Downloads: (external link)
http://web.holycross.edu/RePEc/eej/Archive/Volume31/V31N2P219_243.pdf (application/pdf)

Related works:
Working Paper: Corporate Governance, Competition And Finance: Re-Thinking Lessons From The Asian Crisis (2004)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eej:eeconj:v:31:y:2005:i:2:p:219-243

Access Statistics for this article

Eastern Economic Journal is currently edited by Cynthia A. Bansak, St. Lawrence University and Allan A. Zebedee, Clarkson University

More articles in Eastern Economic Journal from Eastern Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Victor Matheson, College of the Holy Cross ().