scholarly journals Better corporate governance leads to better performance: evidence from Asian countries

2021 ◽  
Vol 2021 (1) ◽  
pp. 183-204
Author(s):  
Asghar Muhammad Jam e Kausar Ali ◽  
Zeshan Anwar ◽  
Muhammad Usman ◽  
Hamad Khan
Keyword(s):  
Corporate Governance ◽  
Asian Countries

Family Ownership, Board Independence, and R&D Investment

2009 ◽  
Vol 22 (4) ◽  
pp. 347-362 ◽  
Author(s):  
Hsiang-Lan Chen ◽  
Wen-Tsung Hsu
Keyword(s):  
Corporate Governance ◽  
Investment Decisions ◽  
Family Influence ◽  
Family Ownership ◽  
Board Independence ◽  
Independent Director ◽  
Asian Countries ◽  
Ceo Duality ◽  
D Investment

Family influence is central in Asian countries; however, little research exists regarding the effects of family ownership and corporate governance on corporate investment decisions. This article examines the relationships among family ownership, board independence, and R&D investment using a sampling of Taiwanese firms. The finding of the negative family ownership—R&D investment relationship suggests that family ownership may discourage risky long-term R&D investment. Such a finding may also suggest that firms with high family ownership may use R&D investment more efficiently and thus need less R&D in relation to firms with low family ownership. In addition, the interaction of family ownership and CEO duality/independent director ratio is negatively/positively related to R&D investment, suggesting that firms with high family ownership may increase R&D investment when the CEO—chair roles are separated or when more independent outsiders are included in the board.

scholarly journals Corporate governance in Asia: an eight-country comparative study

2008 ◽  
Vol 5 (4) ◽  
pp. 186-195
Author(s):  
Robert W. McGee
Keyword(s):  
United States ◽  
Corporate Governance ◽  
Comparative Study ◽  
World Bank ◽  
General Public ◽  
The United States ◽  
Asian Countries ◽  
Corporate Scandals

Corporate governance has received an increasing amount of attention in recent years. Corporate scandals have brought corporate governance weaknesses to the attention of the general public, especially in the United States. But corporate governance is sometimes a problem in other countries as well. This paper begins with an overview of some basic corporate governance principles as identified by the OECD, World Bank and IMF, then proceeds to examine how these principles are being applied in selected Asian countries

scholarly journals orporate governance in a transition economy: A case study of Russia

2004 ◽  
Vol 1 (4) ◽  
pp. 61-71 ◽  
Author(s):  
Galina G. Preobragenskaya ◽  
Robert W. McGee
Keyword(s):  
United States ◽  
Corporate Governance ◽  
Financial Crisis ◽  
Transition Economies ◽  
Transition Economy ◽  
East Asian ◽  
The United States ◽  
Asian Countries ◽  
Recent Developments

Corporate governance has become a popular topic in recent years. Although much attention has been given to corporate governance in the United States and other Western countries as a result of recent scandals, and in Japan and other East Asian countries because of the financial crisis that occurred there a few years ago, much has also been going on in Russia and other transition economies in the area of corporate governance. This paper discusses recent developments in corporate governance in Russia and includes information gathered during interviews conducted in Russia during the summer of 2003.

Dividend Policy and Smoothening Behavior of the Southeast Asian Countries Including Japan

2020 ◽  
Vol 7 (2) ◽  
pp. 62-82
Author(s):  
Faisal Khan
Keyword(s):  
Corporate Governance ◽  
Dividend Policy ◽  
Audit Quality ◽  
Probit Model ◽  
Southeast Asian ◽  
Asian Countries ◽  
Speed Of Adjustment ◽  
Long Run ◽  
Main Determinants ◽  
Southeast Asian Countries

This study examines the dividend policy and smoothening behavior of major Southeast Asian countries including Japan. The study uses firm specific variables including corporate governance measures as independent variables. The results indicated financial leverage, return on equity, asset tangibility, Tobin Q, market concentration (HHI), and life cycle are the main determinants of dividend policy for the Southeast Asian region. In addition to this, the corporate governance measures (board composition, audit quality, and ownership structure) are also found as significant determinants of dividend policy of the selected economies. However, the results for cash flow and business risk are found to be contradictory due to their insignificant impacts on dividend policy in some economies. Thus, the study concludes that most determinants of dividend policy are similar within the regions. The study also used probit model in order to find probable factors that may influence the dividend policy and the results show similarity between determinants of dividend policy and probability factors that influence dividend policy. The probable factors are the same as the determinants of dividend policy. In addition to this, the study also tested the application of Lintner model, and the results clearly depicted that last year dividend as well as the current year earnings are the main factors that impact dividend policy of the firms within the region. More so, focusing on the speed of adjustment and target payout ratio of the firms, the study unties that firms have moderate speed of adjustment, and management is reluctant to cut dividends. Lastly, the target payout ratios of the firms also suggest that firms do have moderate target payout ratio except for Singapore with target payout ratio almost equal to 1. Conclusively, the study reveals that the determinants of dividend policy for the Southeast Asian countries are quite similar, firms do follow smooth dividend policy, and management is reluctant to cut dividends in the long run.

Corporate Governance in Asia: A Comparative Study

2018 ◽  
Vol 1 (1) ◽  
pp. 32-37
Author(s):  
Orobah Ali Barghouthi
Keyword(s):  
Corporate Governance ◽  
Comparative Study ◽  
World Bank ◽  
Asian Countries ◽  
The World Bank ◽  
The World

The World Bank has done 10 Report on the Observance of Standards and Codes (ROSC) studies of corporate governance for Asian countries. The paper it used was based on the categories used in an Organisation for Economic Co-operation and Development publication (OECD, 2004).

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