Management of Enterprises under Emerging Market Conditions: A Corporate Governance Perspective

Author: Wang Youjun
Publisher:
Publish Date: 2006-06-01
Features: This book is a collection of academic papers that studies corporate management from the perspective of corporate governance under emerging market conditions. Overall, it can be broadly divided into internal governance mechanisms and external governance mechanisms. Internal governance mechanisms primarily focus on the internal property rights arrangements of companies (such as major shareholders, institutional investors, managerial equity, independent directors, etc.), while external governance mechanisms emphasize the incentives and constraints on incumbent managers by external market forces and the social environment (such as creditors, corporate control markets, executive markets, product and factor markets, government, the public, and other stakeholders). Without a doubt, corporate governance mechanisms inevitably have a significant and critical impact on corporate decision-making and the management behavior of corporate managers. The papers collected in this book conduct theoretical and empirical research on relevant management issues of enterprises in emerging market environments from aspects such as corporate social responsibility, corporate manager incentives, corporate governance systems, corporate finance and control, as well as corporate operating environments and strategies.