Corporate Governance And Corporate Social Responsibility: Emerging Markets Focus

by Sabri Boubaker, Duc Khuong Nguyen

Overview

While emerging market economies do not have a mature market structure yet, there is a need for research on corporate governance practices in these economies from different perspectives, including corporate social responsibility. Corporate Governance and Corporate Social Responsibility: Emerging Markets Focus fills the gap with a collection of high-quality research and policy-based papers addressing these issues, using various market cases as illustrations.Unlike previous books that often focused on one or several emerging markets, this book covers a much broader set of countries and tackles ethical, legal and societal aspects of corporate governance, beyond financial issues. It also discusses how companies work towards best corporate governance practices, particularly, in the aftermath of recent financial and economic crises. Readers will benefit from the wide range of theoretical, empirical, and case analyses, selected with care to reflect cutting-edge corporate governance and corporate social responsibility issues in countries with emerging markets.

Product Details

ISBN-13:	9789814520379
Publisher:	World Scientific Publishing Company, Incorporated
Publication date:	11/14/2014
Pages:	612
Product dimensions:	6.00(w) x 9.10(h) x 1.40(d)

Table of Contents

Foreword v

Preface ix

Acknowledgments xi

About the Editors xiii

Notes on the Contributors xv

Part I Corporate Governance: Legal Framework and Codes of Best Practices

Corporate Governance Bundles for Emerging Markets Rahul Bedi Darshan Desai 3

"Good" Corporate Governance in Transformation Countries - A Comparison of Experts' Perceptions in East Germany, Estonia and Hungary Thomas Steger Ruth Alas Külliki Tafel-Viia 27

Corporate Governance, Policies and Public Listing: The Case of Chinese State-owned Enterprises Zigan Wang 63

Corporate Governance in Turkey: The Case of Borsa Istanbul 50 Companies Esra Nemli Caliskan Basak Turan Icke 107

Barriers to Effective Corporate Governance Reforms: Corruption and the Peculiar Case of Nigeria Ngozi Okoye 133

The Brazilian Fiscal Council - Protecting Minority Shareholders in a Weak Legal System Jairo Laser Procianoy Roberto Frota Decourt 159

Using Market Incentives to Move Beyond Law and Regulation in Emerging Markets - The Case for Corporate Governance Stock Exchange Indices Andreas Grimminger 181

Part II Corporate Governance: Some Country Experiences 209

The Audit Committee in the EU Emerging Countries Daniela M. Salvioni Francesca Gennari Luisa Bosetti Alex Almici 211

Great Expectations from Pension Fund Activism: Insights from Poland Agnieszka Stomka-Golebiowska 235

Ownership Structure and Directors' Compensation Disclosure in Malaysia Elinda Binti Esa Abdul Rahman Zahari 267

Corporate Governance, Performance and Liquidity Risk of West African Economic and Monetary Union (WAEMU) Banks Alassane Ouattara Luc Paugam Olivier Ramond 287

Board Composition and Company Performance: A Study of Sub-Saharan African Countries Gibson Munisi 319

Emerging Markets Banks Ownership and Performance Evidence from China Xiaoxi Zhang Kevin Daly 347

Corporate Governance in Romania: Theories and Practices Gheorghe N. Popescu Veronica Adriana Popescu Cristina Raluca Popescu 375

Part III Corporate Social, Responsibility 403

Corporate Governance and Corporate Social Responsibility in Financial Institutions: Evidence from Islamic Banks Hisham Farag 405

Is Corporate Governance Related to Corporate Social Responsibility? The Case of South Africa Idoya Ferrero-Ferrero María Ángeles Fernández-Izquierdo María Jesús Muñoz-Torres Juana María Rivera-Lirio Raúl León-Soriano Elena Escrig-Olmedo 437

Achieving Corporate Governance and Corporate Social Responsibility in an Emerging Market through Gender Diversity on Boards in India Sharon Ayson 475

Executive Compensation in Emerging Markets: Theoretical Developments and Empirical Evidence Yongli Luo 499

Placing Stakeholder Theory within the Debate on Corporate Social Responsibility Tarek Miloud 531

Corporate Governance and Corporate Social Responsibility Reporting: Empirical Evidence from Bangladesh Pallab Kumar Biswas 551

Index 581