Corporate Governance in Emerging Markets : Theories, Practices and Cases

Online-Ressource (XXXII, 610 p. 37 illus, online resource)

Description based upon print version of record

Foreword; References; Preface; About the Editors; Acknowledgments; Contents; List of Contributors; Part I: Corporate Governance and Firm Performance; Security Voting Structure and Firm Value: Synthesis and New Insights from Emerging Markets; 1 Introduction; 2 Voting Rights, Corporate Governance and Value; 2.1 ``One Share-One Vote´´ Rule: Theoretical Foundation and Empirical Evidence; 2.2 Voting Caps and Voting Ceilings; 3 Differential Voting Rights in the Emerging Markets Countries; 3.1 Use of Multiple Class Shares; 3.2 Impact of Differential Voting Structures on Firm Value

4 A Case-Study on the Indian Banking Sector4.1 Background of Liberalization in India; 4.2 Voting Cap in Indian Banks for Foreign Investors; 4.3 The Role of Foreign Banks in Banking; 4.3.1 Foreign Bank Presence in India; 4.4 Reaction of Bank Stocks to the Proposed Removal of Voting Cap; 5 Conclusion; References; Corporate Governance and Firm Valuation in Asian Emerging Markets; 1 Introduction; 2 Literature Review; 3 Institutional Background; 3.1 China; 3.2 Hong Kong; 3.3 Indonesia; 3.4 Philippines; 3.5 Thailand; 4 Data and Methodology; 5 Empirical Results; 5.1 Descriptive Statistics

5.2 Quality of Corporate Governance (CGI) and Firm Valuation6 Conclusion; Appendix: Corporate Governance Survey Instrument; References; Corporate Governance, Product Market Competition and Firm Performance: Evidence from India; 1 Introduction; 2 Background Literature and Development of Hypotheses; 3 Data, Variables and Methodology; 3.1 Data; 3.2 Firm Performance; 3.3 Product Market Competition; 3.4 Methodology; 4 Corporate Governance Index; 5 Empirical Analyses; 5.1 Univariate Analysis; 5.2 Corporate Governance and Firm Value

5.3 Product Market Competition and Corporate Governance: Compliments or Substitutes?6 Conclusion; References; Strong Boards, Risk Committee and Bank Performance: Evidence from India and China; 1 Introduction; 2 Literature Review and Hypotheses Development; 2.1 Corporate and Risk Governance in US and Europe: Evidence from the Global Financial Crisis; 2.2 Corporate Governance in Asian Markets: Main Findings in the Literature; 2.2.1 Corporate Governance in China: A Review of the Literature; 2.2.2 Corporate Governance in India: A Review of the Literature Review; 2.3 Hypotheses

3 Major Aspects of Bank Corporate Governance in China: History and Institutional Framework3.1 The Chinese Banking System; 3.2 Corporate Governance of Chinese Listed Banks; 4 Major Aspects of Bank Corporate Governance in India: History and Institutional Framework; 4.1 The Indian Banking System; 4.2 Corporate Governance of Indian Listed Banks; 5 Sample Selection, Variables and Econometric Model; 5.1 Sample Description; 5.2 Variables; 5.2.1 Key Independent Variables: Standard Board Variables and Risk Governance Variables; 5.2.2 Dependent Variables: Bank Performance Measures

5.2.3 Control Variables

10.1007/978-3-642-44955-0 [DOI]

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