Emerging Market Global Players: Home-Country Institutions and Corporate Governance
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Transcript of Emerging Market Global Players: Home-Country Institutions and Corporate Governance
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Emerging Market Global Players:
Home-Country Institutions and Corporate Governance
1:00-2:15 PM @ Stanley Park 2-3
Chair: Victor Chen (University of North Carolina, Charlotte)Keynote: Bob Hoskisson (Rice University)Panelists: Hwy-Chang Moon (Seoul National University)
Hsia Hua Sheng (FGV-EAESP)Yasir Yasin Fadol (Qatar University)
Discussant: Igor Filatotchev (City University London)
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Economic and Regulatory Institutions
Firms
Corporate Governance
Other constituencies (e.g., shareholders, employees, and outside
stakeholders)
Global Strategies
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Home-Country Institutions and Corporate Governance:
Direct vs. Indirect
Source: Roe (2008).
Source: Hall & Gingerich (2004).
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Direct influence
State capitalism and relatively strong CG regulations in emerging markets
Governments as owners Senior politicians as TMT/board members CG Regulations
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Indirect influence
Institutions are changing faster and more complexly in emerging markets.
Shaping the external environments & shareholder power and, in turn, resource dependence & agency problems of CG.
Source: Chen, Hobdari, & Sun (2014)
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Institutional diversity:Global convergence under diverse local/regional constraints?
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Panel Structure Keynote: Bob Hoskisson (Rice University) Panelists: Hwy-Chang Moon (Seoul National
University) Hsia Hua Sheng (FGV-EAESP) Yasir Yasin Fadol (Qatar University) Discussant: Igor Filatotchev (City University London)
Open Q&As