Corporate Governance in Asia: Eight Case Studies

Abstract:     
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. Weaknesses in the corporate structure of some Asian countries have been partly blamed for some recessions that have occurred there.

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.

Keywords: corporate governance, Asia, ROSC, shareholder rights, minority shareholders, corporate control, disclosure, accounting standards, audit standards, OECD, India, Indonesia, Korea, Malaysia, Pakistan, Philippines, Thailand, Vietnam, transparency, World Bank, disclosure, corporate control

JEL Classifications: G3, G34, G38, D21, D63, D7, D82, K22, M4, O53, O52, O51

Working Paper Series