Corporate Governance in Asia: A Comparative Study

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. 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.

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

JEL Classification: G3, G34, G14, K22, M14, M4, O53, P21, P52