Download East Asia Corporations: Heroes or Villains (World Bank by Stijn Claessens, Simeon Djankov, Larry H. P. Lang PDF

By Stijn Claessens, Simeon Djankov, Larry H. P. Lang

East Asian agencies vary from their opposite numbers in different nations in vital methods. earlier than the hot monetary quandary those ameliorations have been seen as one of many purposes for the good fortune of East Asian economies. The difficulty altered that view, and plenty of students now argue that the susceptible company governance and financing constructions of East Asian agencies are in part guilty for the hot problem. This paper experiences a number of positive aspects of East Asian organizations, displaying that they've excessive leverage and targeted possession, are usually affiliated with company teams, and function in a number of industries. those features affected the functionality of businesses ahead of the concern in addition to their skill to house its aftermath. each one economy's point of improvement additionally affected how those features interacted with company functionality and valuation. ultimately, the focus of possession within the fingers of some huge households can have stimulated economies' institutional improvement.

Show description

Read or Download East Asia Corporations: Heroes or Villains (World Bank Discussion Paper) PDF

Best asia books

Dawn Over Samarkand, Rebirth of Central Asia

Leopold is thrilled to post this vintage e-book as a part of our broad vintage Library assortment. a few of the books in our assortment were out of print for many years, and consequently haven't been obtainable to most of the people. the purpose of our publishing software is to facilitate quick entry to this sizeable reservoir of literature, and our view is this is an important literary paintings, which merits to be introduced again into print after many a long time.

Cities of the Hot Zone: A Southeast Asian Adventure

Skillfully combining journalism with go back and forth writing, a veteran reporter attracts on 30 years of reporting in Asia to make clear the quickly altering towns of Kuala Lumpur, Singapore, Hong Kong, Jakarta, Hanoi, and Saigon. The historical past, humans, religions, and economies of every burgeoning urban are mentioned, in addition to how the actual dynamic makeup of every coexists and clashes with the intrusions of a bigger nationwide id.

The Malay Archipelago

The Malay Archipelago is an awfully obtainable publication written by means of famous British naturalist Alfred Russel Wallace. A century and a part after it used to be released, this e-book is still one of many nice classics of average heritage and go back and forth, on par with Charles Darwin's paintings. packed with a wealth of aspect approximately pre-modern existence within the Indonesian archipelago, The Malay Archipelago is an engaging examine common choice.

Global Warming and Climate Change: Prospects and Policies in Asia and Europe

This compendium looks at Asian and eu guidelines for facing weather swap, and attainable affects on conflicts and safeguard. It clarifies the affects of weather change on average assets, at the frequency and enlargement of natural disasters and the repercussions for environmentally-induced migration.

Additional resources for East Asia Corporations: Heroes or Villains (World Bank Discussion Paper)

Example text

Carr Banque Indosuez Group. 1997. ” Jakarta, Indonesia.

39 Institute of International Bankers. 1997. Global Survey 1997: Regulatory and Market Developments. New York. Japan Company Handbook. 1998. Toyo Keizai Shinposha. Winter ed. Tokyo. Johnson, Simon, Peter Boone, Alasdair Breach, and Eric Friedman. 1999. ” Massachusetts Institute of Technology, Cambridge, Mass. Korean Fair Trade Commission. 1997. ” Seoul. Krugman, Paul. 1999. , mimeo. Kuala Lumpur Stock Exchange. 1997. Company Handbook. Kuala Lumpur, Malaysia. La Porta, Rafael, Florencio Lopez-deSilanes, and Andrei Shleifer.

Concentration of family control over corporations Top 15 These results suggest that a small number of families effectively control most East Asian economies. Do these families have a strong effect on the economic policy of governments? One direct mechanism for such an effect is the extension of preferential treatment to family members of senior government members. An example is the business empire of the Suharto family in Indonesia. In our sample we identified more than 400 listed and unlisted companies that were controlled by the family through business groups led by children, other relatives, and business partners—many of whom, in addition to former President Suharto, also served in the government.

Download PDF sample

Rated 4.14 of 5 – based on 45 votes