Family Business Gone Wrong? Ownership Patterns and Corporate Performance in Thailand
Suehiro, Akira | May 2001
Abstract
Since the Asian currency and economic crises erupted in 1997, many scholars andinternational financial organizations have discussedtheir major causes and proposed policies thatcould overcome the structural weaknesses that apparently led to the crises.In this context, scholars atthe International Monetary Fund, World Bank and numerous otherinstitutions have emphasized theneed for Asian governments to bring about institutional reforms in corporate governance. However,they seem to have paid little attention to the important issue of how to effectively implement theseinstitutional reforms, keeping in mind thereality of Asian corporations rather than the Anglo-American ideal of good corporate governance.The World Bank, in general, and a group of researchers working at that institution, inparticular, have focused on identification of ultimate owners, agency problems, the large gap betweencontrol rights and cashflow rights, and expropriation of minority shareholders. However, it appearsthat in their analysis they have not taken into account the actual functioning of local Asian firms andtheir responses to government institutional reforms after the crisis.
Citation
Suehiro, Akira. 2001. Family Business Gone Wrong? Ownership Patterns and Corporate Performance in Thailand. © Asian Development Bank Institute. http://hdl.handle.net/11540/4124. License: CC BY 3.0 IGO.Keywords
Regional Development Finance
Public Scrutiny of City Finances
Non-Bank Financial Institutions
Local Government Finance
Government Financial Institutions
Foreign and Domestic Financing
Financial Risk Management
Assessing Corporate Governance
Good Governance
Governance Approach
Public Accounting
Business Financing
Subsidies
Social Equity
Economic Equity
Project Risks
Project Impact
Public Administration
Corporations
Investment Requirements
Banks
|Taxing power
Tax administration and procedure
Tax policy
Effect of taxation on labor supply
Decentralization in government
Community power
Corporate divestment
Civil government
Delegation of powers
Equality
Neighborhood government
Subnational governments
Delivery of government services
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Citable URI
http://hdl.handle.net/11540/4124Metadata
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