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A Critical Theoretical Review and Empirical Comparison of Market Capitalization in West and Asia
Luleå University of Technology, Department of Business Administration, Technology and Social Sciences, Business Administration and Industrial Engineering.ORCID iD: 0000-0002-9707-7068
Blekinge Institute of Technology.
2016 (English)Conference paper, Oral presentation only (Refereed)
Abstract [en]

One notion in agency theory is to equal boards of directors as principals. This theoretical assumption matches ideas and characteristics of how corporate boards are formed in the West. While “the directors as principals’ idea” enables an understanding of a formal governance structure it fails to adequately explain financial performance as well as other performance indicators (van Essen et al., 2012; Wang et al., 2015). Other studies signal absence of empirics supporting a link between corporate board structure and firm performance (Shukeri et al., 2012). In combination with recent bankruptcies in multinational companies, like Enron and Lehman Brothers, it thus seems logical for scholars to begin question the efficiency of Western corporate governance models. Our results, based on macro-level data from 38 countries during the time 2006 to 2014, indicate a lack of support for efficiency of the Western governance model in Asia at the same time as there exists differences within Western and Asian countries.

Place, publisher, year, edition, pages
2016.
Keywords [en]
Business / Economics - Business studies
Keywords [sv]
Ekonomi - Företagsekonomi
National Category
Business Administration
Research subject
Accounting and Control
Identifiers
URN: urn:nbn:se:ltu:diva-30919Local ID: 4ed4cc5f-49df-41ff-a41a-ec7082c83034OAI: oai:DiVA.org:ltu-30919DiVA, id: diva2:1004148
Conference
Connecting Eastern & Western Perspectives on Management : An International Conference Sponsored by Journal of Management Studies & Society for Advancement of Management Studies 21/03/2016 - 23/03/2016
Note
Godkänd; 2016; 20160426 (ossip)Available from: 2016-09-30 Created: 2016-09-30 Last updated: 2017-11-25Bibliographically approved

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Pesämaa, Ossi

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CiteExportLink to record
Permanent link

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Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf