Corporate Governance, Structure and Accountability as Affected by National Government Infrastructure in Developing Countries

Corporate Ownership & Control / Volume 13, Issue 4, Summer 2016

8 Pages Posted: 6 May 2019

See all articles by Shame Mugova

Shame Mugova

Durban University of Technology (DUT)

Paul R. Sachs

affiliation not provided to SSRN

Date Written: 2016

Abstract

Businesses in developing countries face different challenges than those in economically developed countries. Markets and supply chains are less well-established. Dissemination of information is uneven. Because governmental infrastructure has limited ability to support business operations, businesses take on responsibilities that elsewhere are handled by a central government. This study reviews key elements of corporate governance. The study then reviews the banking and manufacturing sectors in Zimbabwe with attention to the presence or absence of financial infrastructure, legal infrastructure, market challenges, supply chain and government involvement to support corporate governance structures and systems. Recommendations for policy and practice changes are recommended. The present analysis of Zimbabwe can guide research on and policy recommendations for governance in other developing countries.

Keywords: Corporate Governance, Accountability, Developing Countries

Suggested Citation

Mugova, Shame and Sachs, Paul R., Corporate Governance, Structure and Accountability as Affected by National Government Infrastructure in Developing Countries (2016). Corporate Ownership & Control / Volume 13, Issue 4, Summer 2016, Available at SSRN: https://ssrn.com/abstract=3366997

Shame Mugova (Contact Author)

Durban University of Technology (DUT) ( email )

P. O. Box 1334
Durban, 4001
South Africa

HOME PAGE: http://www.dut.ac.za

Paul R. Sachs

affiliation not provided to SSRN

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