State on Board!: Navigating Corporate Governance in Emerging Market Business

This book investigates the strategic behavior of the State as a shareholder in businesses,and the implications it has for other shareholders and business performance. It adopts an evidence-based approach to explain the State's role as a shareholder in corporate governance,including CEO appointment,board structure,and impact of State ownership on business strategy and performance. It highlights the influence of the State as a shareholder by investigating institutional factors consistent with "path dependence" theory and presents empirical evidence of the dynamics of corporate governance arising from interactions between the State and other shareholders.

Format: Paperback / softback
Length: 247 pages
Publication date: 03 September 2022
Publisher: Springer Verlag, Singapore

This book delves into the intricate realm of strategic behavior exhibited by the State as a shareholder in businesses, and the profound implications it holds for other shareholders and business performance. It employs a comprehensive evidence-based approach to elucidate the State's role in various aspects of corporate governance, encompassing CEO appointment, board structure, and the impact of State ownership on business strategy and performance. By investigating the institutional characteristics of State-linked and State-owned firms (SIEs & SOEs) in emerging markets, particularly focusing on Vietnam as a case study, with comparative analysis on China and selected ASEAN countries, the book sheds light on the influence exerted by the State as a shareholder. It emphasizes the significance of examining institutional factors that align with the "path dependence" theory, which posits that an economy's initial and underlying structure profoundly influences its performance. Moreover, the book presents empirical evidence of the dynamics of corporate governance that arise from interactions between the State and other shareholders, a topic that has yet to receive significant attention in the literature. This unique perspective offers fresh insights from both qualitative and empirical research, providing valuable guidance for practitioners and scholars alike in navigating the complex business environments of emerging markets from the perspective of the State as an "owner-participant."

The book is meticulously comprehensive, offering a thorough exploration of the theoretical constructs in corporate governance within State-invested firms. It employs empirical research methodologies to draw and validate inferences, ensuring the validity and reliability of its findings. Furthermore, the book serves as a valuable resource for practitioners, providing practical insights and strategies for navigating the challenges and opportunities in emerging market business environments. It also serves as a reference for academics, undergraduate, and postgraduate students, enriching their understanding of the complex dynamics of State-invested firms and their impact on global economies.

The new theoretical models proposed in this book integrate traditional political-economic and agency theories, providing a robust framework for understanding the complex dynamics of State-invested firms. These models not only enhance our understanding of corporate governance but also have implications for tertiary business courses, equipping students with the knowledge and tools necessary to succeed in the rapidly evolving business landscape.

In conclusion, this book is a groundbreaking contribution to the field of corporate governance, offering a comprehensive and evidence-based perspective on the strategic behavior of the State as a shareholder in businesses. By examining the institutional characteristics of SIEs & SOEs in emerging markets, with a focus on Vietnam as a case study, and through comparative analysis with China and selected ASEAN countries, it provides valuable insights into the influence of the State as a shareholder and its implications for business performance. The book's theoretical models, empirical research methodologies, and comprehensive coverage make it an essential resource for practitioners, academics, and students alike, contributing to our understanding of the complex dynamics of State-invested firms and their role in shaping the global economy.

Weight: 364g
Dimension: 210 x 148 (mm)
ISBN-13: 9789811635274
Edition number: 1st ed. 2021