Share ownership in developing and emerging economies: legal institutions and determinants of effective corporate governance

Okoye, Ngozi (2016) Share ownership in developing and emerging economies: legal institutions and determinants of effective corporate governance. In: Corporate governance in developing and emerging markets. Routledge, pp. 255-269. ISBN 9781138955851

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Item Type:Book Section
Item Status:Live Archive

Abstract

This chapter discusses the share ownership patterns in Nigeria, Russia, China, India and Brazil, highlighting the variance from the default dispersed ownership pattern upon which most corporate governance principles in developed economies are based. Flowing from the new institutional economics theory which posits that institutions are the rule of the game of a society and determine economic growth, the chapter then discusses the adoption of Anglo-American corporate governance principles, presenting arguments as to why the formal rules and principles of corporate governance which have been adopted from developed economies have not resulted in successful outcomes in these developing economies. Arguments are then made in a novel manner regarding the legal infrastructure which will be sufficient to create effective corporate governance and sustainable economic growth in emerging and developing economies.

Keywords:Share Ownership, Corporate Governance, Developing Economies, BRIC Nations, MINT Nations, New Institutional Economics
Subjects:N Business and Administrative studies > N120 International Business studies
M Law > M221 Business and Commercial Law
N Business and Administrative studies > N200 Management studies
Divisions:College of Social Science > Lincoln Law School
ID Code:24924
Deposited On:08 Nov 2016 09:46

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