70 likes | 224 Views
Emerging Market Global Players: Home-Country Institutions and Corporate Governance. 1:00-2:15 PM @ Stanley Park 2-3 Chair: Victor Chen (University of North Carolina, Charlotte) Keynote: Bob Hoskisson (Rice University) Panelists: Hwy-Chang Moon (Seoul National University)
E N D
Emerging Market Global Players:Home-Country Institutions and Corporate Governance 1:00-2:15 PM @ Stanley Park 2-3 Chair: Victor Chen (University of North Carolina, Charlotte) Keynote: Bob Hoskisson (Rice University) Panelists: Hwy-Chang Moon (Seoul National University) Hsia Hua Sheng (FGV-EAESP) Yasir Yasin Fadol (Qatar University) Discussant: Igor Filatotchev (City University London)
Economic and Regulatory Institutions Firms Corporate Governance Other constituencies (e.g., shareholders, employees, and outside stakeholders) Global Strategies
Home-Country Institutions and Corporate Governance:Direct vs. Indirect • Source: Roe (2008). • Source: Hall & Gingerich (2004).
Direct influence • State capitalism and relatively strong CG regulations in emerging markets • Governments as owners Senior politicians as TMT/board members CG Regulations
Indirect influence • Institutions are changing faster and more complexly in emerging markets. • Shaping the external environments & shareholder power and, in turn, resource dependence & agency problems of CG. • Source: Chen, Hobdari, & Sun (2014)
Institutional diversity:Global convergence under diverse local/regional constraints?
Panel Structure • Keynote: Bob Hoskisson (Rice University) • Panelists: Hwy-Chang Moon (Seoul National University) • Hsia Hua Sheng (FGV-EAESP) • Yasir Yasin Fadol (Qatar University) • Discussant: Igor Filatotchev (City University London) • Open Q&As