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Formal and Informal Institutions in Asia: A Survey of Asian Corporate Governance
Jönköping University, Jönköping International Business School, JIBS, Economics.
2009 (English)In: Risk Management and Corporate Governance / [ed] Robert W. Kolb, professor Loyola University, Chicago, US, 2009Conference paper, Published paper (Other academic)
Abstract [en]

Comparative literature in corporate governance typically separate between countries with different legal origin, institutions and corporate traditions. However, the importance of informal institutions and their effects on the economic development, firm performance and corporate governance should not be neglected. Informal institutions have been claimed to be of extra importance foremost Asia.

This paper comprise of a general discussion on legal origin and formal and informal institutions. This discussion is then connected to recent studies on corporate governance issues in Asia. The results are mixed, but a general picture of corporate governance in Asia is presented. Foremost formal institutions and legislations seems to have their intended effect on the economy in general.

However, differences between the countries become clear and the influence of informal institutions seems to differ substantially between the Asian countries. The impact of formal institutions in contrast to informal institutions is important since the economical effects for many of the developing countries in the region may be imperative.

Place, publisher, year, edition, pages
2009.
National Category
Economics
Identifiers
URN: urn:nbn:se:hj:diva-10959OAI: oai:DiVA.org:hj-10959DiVA, id: diva2:279299
Conference
Risk Management and Corporate Governance
Available from: 2009-12-28 Created: 2009-12-02 Last updated: 2009-12-28Bibliographically approved

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Högberg, Andreas

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CiteExportLink to record
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Citation style
  • apa
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