Corporate governance, competition, the new international financial architecture and large corporations in emerging markets

Ajit Singh, Bruce Weisse and Alaka Singh

Working Papers from Centre for Business Research, University of Cambridge

Abstract: This paper examines from the developing countries perspective important analytical and policy issues arising from: a) the current international discussions about corporate governance in relation to the New International Financial Architecture; b) changes in the international competitive environment being caused by the enormous international merger movement in advanced countries. The paper's main conclusions include: the thesis that the deeper causes of the Asian crisis were the flawed systems of corporate governance and a poor competitive environment in the affected countries is not supported by the evidence; emerging markets, as well as European countries, have successful records of fast long-term growth with different governance systems, indeed superior to those of Anglo-Saxon countries; corporate financing patterns in emerging markets in the 1990s continue to be anomalous, as they were in the 1980s; and the claim that developing country conglomerates are inefficient and financially precarious is not supported by evidence or analysis.

Keywords: Corporate governance; competition; emerging markets. (search for similar items in EconPapers)
JEL-codes: G3 L1 L4 O1 (search for similar items in EconPapers)
Date: 2002-12
New Economics Papers: this item is included in nep-cfn and nep-com
Note: PRO-2
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (19)

Downloads: (external link)
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/05/cbrwp250.pdf (application/pdf)

Related works:
Working Paper: Corporate Governance, Competetion, The new International Financial Architecture and Large Corporations in Emerging Markets (2002)
Working Paper: Corporate governance, competition, the new international financial architecture and large corporations in emerging markets (2002)
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:cbr:cbrwps:wp250

Access Statistics for this paper

More papers in Working Papers from Centre for Business Research, University of Cambridge
Bibliographic data for series maintained by Ruth Newman ().