The changing corporate governance paradigm: Implications for transition and developing countries


Berglöf, Erik ; Thadden, Ernst-Ludwig von



DOI: https://doi.org/10.2139/ssrn.183708
URL: https://papers.ssrn.com/sol3/papers.cfm?abstract_i...
Additional URL: http://documents.worldbank.org/curated/en/44868146...
Document Type: Conference or workshop publication
Year of publication: 2000
Book title: Annual World Bank Conference on Development Economics 1999
Page range: 135-162
Conference title: 11th Annual World Bank Conference on Development Economics
Location of the conference venue: Washington, DC
Date of the conference: April 28-30, 1999
Author/Publisher of the book
(only the first ones mentioned)
:
Pleskovic, Boris
Place of publication: Washington, DC
Publishing house: The World Bank Group
ISBN: 0-8213-4905-8
ISSN: 1020-4407
Publication language: English
Institution: School of Law and Economics > VWL, Mikroökonomische Theorie (von Thadden)
Subject: 330 Economics
Abstract: The rapidly growing literature studying the relationship between legal origin, investorprotection, and finance has stimulated an important debate in academic circles. It has alsogenerated a number of applied research projects and strong policy statements. This paperdiscusses the implications, in particular for developing and transition countries, from thisliterature. We conclude that its focus on the plight of small investors is too narrow whenapplied to these countries. We argue that this group is unlikely to play an important role inmost developing and transition countries. External investors may still be crucial, but they aremore likely to come in as strategic investors or creditors. The paper also proposes a broaderparadigm including other stakeholders and mechanisms of governance in order to betterunderstand the problems facing these countries and generate policy implications thatcompensate for the weaknesses of capital markets.

Dieser Datensatz wurde nicht während einer Tätigkeit an der Universität Mannheim veröffentlicht, dies ist eine Externe Publikation.




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Berglöf, Erik ; Thadden, Ernst-Ludwig von The changing corporate governance paradigm: Implications for transition and developing countries. Pleskovic, Boris 135-162 In: Annual World Bank Conference on Development Economics 1999 (2000) Washington, DC 11th Annual World Bank Conference on Development Economics (Washington, DC) [Conference or workshop publication]


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