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Family Business Gone Wrong? Ownership Patterns and Corporate Performance in Thailand

dc.contributor.authorAkira Suehiro
dc.description.abstractSince 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.
dc.publisherAsian Development Bank Institute
dc.rightsCC BY 3.0 IGO
dc.titleFamily Business Gone Wrong? Ownership Patterns and Corporate Performance in Thailand
dc.typeWorking Papers
dc.subject.expertRegional Development Finance
dc.subject.expertPublic Scrutiny of City Finances
dc.subject.expertNon-Bank Financial Institutions
dc.subject.expertLocal Government Finance
dc.subject.expertGovernment Financial Institutions
dc.subject.expertForeign and Domestic Financing
dc.subject.expertFinancial Risk Management
dc.subject.expertAssessing Corporate Governance
dc.subject.expertGood Governance
dc.subject.expertGovernance Approach
dc.subject.adbPublic Accounting
dc.subject.adbBusiness Financing
dc.subject.adbSocial Equity
dc.subject.adbEconomic Equity
dc.subject.adbProject Risks
dc.subject.adbProject Impact
dc.subject.adbPublic Administration
dc.subject.naturalInvestment Requirements
dc.subject.natural|Taxing power
dc.subject.naturalTax administration and procedure
dc.subject.naturalTax policy
dc.subject.naturalEffect of taxation on labor supply
dc.subject.naturalDecentralization in government
dc.subject.naturalCommunity power
dc.subject.naturalCorporate divestment
dc.subject.naturalCivil government
dc.subject.naturalDelegation of powers
dc.subject.naturalNeighborhood government
dc.subject.naturalSubnational governments
dc.subject.naturalDelivery of government services
dc.title.seriesResearch Paper Series
dc.contributor.imprintAsian Development Bank
oar.themeLabor Migration
oar.adminregionSoutheast Asia Region
oar.authorSuehiro, Akira

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  • ADBI Research Paper Series
    The Asian Development Bank Institute (ADBI) research paper series disseminate selected work in progress to facilitate an exchange of ideas within academic and policy communities. An objective of the series is to circulate primary findings promptly, regardless of the degree of finish. ADBI’s activities are guided by its three strategic priority themes of inclusive and sustainable growth, regional cooperation and integration, and governance for policies and institutions.

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