Corporate governance in emerging markets

Oxford Handbook of Corporate Law and Governance (Jeffrey N. Gordon & Wolf-Georg Ringe eds.), Forthcoming

FGV Direito SP Research Paper Series No.17

29 Pages Posted: 31 Mar 2014 Last revised: 3 Apr 2017

Mariana Pargendler

Fundação Getulio Vargas Law School at São Paulo; New York University School of Law

Date Written: March 30, 2014

Abstract

Despite deep differences in their political systems, legal regimes, and economic structures, countries such as Brazil, Russia, India, and China share a recent history of rapid economic growth and capital market expansion. This chapter for the forthcoming Oxford Handbook of Corporate Law and Governance (Jeffrey N. Gordon & Wolf-Georg Ringe eds.) explores the degree and direction of transformation in emerging markets’ corporate governance in the last decades. Part I surveys the interaction between the ownership structures prevailing in emerging markets and the underlying institutional environment. Part II examines the driving forces of change by comparing the relative roles played by legislatures, regulators, courts, and alternative institutional arrangements in corporate governance reform. Part III then evaluates the degree of convergence and persistence in corporate governance in emerging markets by underscoring the need to consider the particular contextual significance of different practices.

Suggested Citation

Pargendler, Mariana, Corporate governance in emerging markets (March 30, 2014). Oxford Handbook of Corporate Law and Governance (Jeffrey N. Gordon & Wolf-Georg Ringe eds.), Forthcoming; FGV Direito SP Research Paper Series No.17. Available at SSRN: https://ssrn.com/abstract=2417994

Mariana Pargendler (Contact Author)

Fundação Getulio Vargas Law School at São Paulo ( email )

R. Rocha, 233, Bela Vista
São Paulo, 01330-000
Brazil

New York University School of Law ( email )

40 Washington Square South
New York, NY 10012-1099
United States

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