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Corporate governance : East Asian style : A literature study on typical determinants of corporate governance in China, Japan, South Korea and Taiwan

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  • Corporate governance : East Asian style
  • Diefenbach, Yannic ; Kim Park, Miriam Ji Hyun; Noll, Jürgen
  • University of Vienna


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Title Corporate governance : East Asian style
Similar Titles
Sub Title

A literature study on typical determinants of corporate governance in China, Japan, South Korea and Taiwan

Material Type Reports
Author(English)

Diefenbach, Yannic ; Kim Park, Miriam Ji Hyun; Noll, Jürgen

Publisher

[Wien]:University of Vienna

Date 2016-02
Pages 37
Subject Country China(Asia and Pacific)
Japan(Asia and Pacific)
South Korea(Asia and Pacific)
Taiwan(Asia and Pacific)
Language English
File Type Link
Subject Economy < Economic System
Government and Law < Governance
Holding University of Vienna

Abstract

The basis of this paper is provided by the issue of Globerman, Peng, & Shapiro (2011). They have summarized and identified five common features for Asian corporate governance. Any good corporate governance system should work towards improving managerial performance while satisfying shareholders’ interest and increase firm value. Of course, many aspects of Asian corporate governance differ from American and western countries’ corporate governance. Because of past historic events we believe that especially China, Japan, South Korea and Taiwan share a common understanding of “doing business”. The goal of this paper, therefore, is to discuss and examine the distinguished features of Corporate Governance described by Globerman at al. (2011) in those four countries. Furthermore, we also add the role of banks with regard to monitoring and improved corporate governance. All four countries reveal tendencies towards a concentrated ownership structure and a significant role of family ownership. (The rest omitted)