Corporate Governance in Developing and Emerging Markets

Throughout the world, the Anglo-American model of corporate governance tends to prevail ? but no two countries are identical. Governance outcomes in developing and emerging economies often deviate from what theory predicts, due to a wide range of factors. Using insights from New Institutional Economics, Corporate Governance in Developing and Emerging Markets aims to explain the different issues and cultural and legal factors at play, and put forward an alternative governance framework for these economies.

Structured in three parts, this text investigates different models of corporate governance; it explores the realities of corporate governance in ten nations, including the ?BRICS? (Brazil, Russia, India, China and South Africa) and ?MINT? (Mexico, Indonesia, Nigeria and Turkey) countries; and then considers corporate governance reform.

This interdisciplinary text will be a valuable tool for students of corporate governance across Business, Economics and Law; and an equally useful resource for anyone working in or carrying out research in this area.

Part A:Introduction

Chapter 1. Introduction Onyeka K. Osuji, Franklin N. Ngwu and Frank H. Stephen

Part B:ModelsofCorporateGovernance

Chapter 2. Varieties of Corporate Governance Models: A Review and Synthesis Agyenim Boateng & Jia Lu

Chapter 3. Development of the Anglo-American model of Corporate Governance in Developing and Emerging Markets Franklin N. Ngwu

Chapter 4. New Institutional Economics, Culture and Corporate Governance Frank H. Stephen

Part C:CorporateGovernanceintheBRICSandMINTCountries

Chapter 5. Brazil: Recent Corporate Governance Advances and Retreats Ricardo P. C. Leal and Flávia S Maranho

Chapter 6. Corporate Governance in Russia: Law, Instrumentality and Political Order Rilka Dragneva

Chapter 7. Corporate Governance in India: The Potential for Ghandism Mia Mahmudur Rahim and Sanjaya Kuruppu

Chapter 8. Corporate Governance in China: Regulatory Reforms and Policies Min (Ann) Du and Agyenim Boateng

Chapter 9. Institutions and corporate governance in South Africa ThantiMthantiandKaluOjah

Chapter 10. Corporate Governance in Mexico EduardoMorales

Chapter 11. Corporate Governance in Indonesia SylviaVeronicaSiregar

Chapter 12. Institutional Perspectives on Corporate Governance Reforms in Nigeria OlabisiDaodu, FranklinNakpodiaandEmmanuelAdegbite

Chapter 13. Corporate Governance in Turkey GülOkutanNilsson

Part D: Critical Issues for Corporate Governance in Developing and Emerging Markets

Chapter 14. Corporate Governance and State-Owned Firms: The Case of Brazil AlexandreCoelho

Chapter 15. Corporate Governance under Islam: Islamic Republic of Iran SurendraArjoon

Chapter 16. Shareholder Value, Emerging Economies and the Need to Reconcile the Corporate Objective with Sustainable and Inclusive Goals VincenzoBavoso

Chapter 17. Improving Corporate Governance in Developing and Emerging Markets: The Politics, Economics and Law OlawaleAjayi

Chapter 18. Share Ownership in Developing and Emerging Economies: Legal Institutions and Determinants of Effective Corporate Governance NgoziOkoye

Chapter 19. Director Disqualification as a Corporate Governance Tool in Developing and Emerging Markets OnyekaOsujiandImogenMoore

Chapter 20. The Market for Corporate Control and Shareholder versus Stakeholder Models: Whither Developing and Emerging Market Economies? KaluOjahandEuphemiaGodspower-Akpomiemie

Part E:Conclusion

Chapter 21. Corporate Governance in Developing and Emerging Markets: The Way Forward Frank H. Stephen, Franklin N. Ngwu and Onyeka K. Osuji

Franklin N. Ngwu is a Senior Lecturer in Strategy, Finance and Risk Management at Lagos Business School, Pan-Atlantic University, Nigeria.

Onyeka K. Osuji is a Senior Lecturer at the Law School, University of Exeter, UK.

Frank H. Stephen is an Emeritus Professor of Regulation at the School of Law, University of Manchester, UK.