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State on Board! - Navigating Corporate Governance in Emerging Market Business (Hardcover, 1st ed. 2021)
Loot Price: R3,275
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State on Board! - Navigating Corporate Governance in Emerging Market Business (Hardcover, 1st ed. 2021)
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Research in this book focuses on the strategic behaviour of the
State as a shareholder in businesses, and the implications it has
for the other shareholder(s) and business performance. It
investigates the institutional characteristics of State-linked and
State-owned firms (SIEs & SOEs), in emerging markets using
Vietnam as a case study with comparative analysis on China and
selected ASEAN countries. In doing so, the book adopts an
evidence-based approach to explain the State's role as a
shareholder in the different aspects of corporate governance,
including CEO appointment, board structure and impact of State
ownership on business strategy and performance. It highlights the
influence of the State as a shareholder by investigating
institutional factors consistent with "path dependence" theory,
which postulates that the initial and underlying structure of an
economy influences its performance. In addition, the book presents
empirical evidence of the dynamics of corporate governance arising
from interactions between the State and other shareholders, which
has not yet been addressed in the literature, and is distinctive in
providing new insights from both qualitative and empirical research
on how to successfully navigate the emerging market business
environments from the perspective of the State as an
"owner-participant". Explaining the theoretical constructs in
corporate governance in State-invested firms, empirical research
methodologies, and results to draw and validate inferences, the
book is comprehensive and provides a practical guide for
practitioners as well as a reference for academics, undergraduate
and postgraduate students. The new theoretical models proposed
integrate traditional political-economic and agency theories, which
also underpin tertiary business courses and academic research.
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