Corporate governance in developing economies : country studies of Africa, Asia, and Latin America

Much has been written about the economic and political problems of countries that are in the process of changing from centrally planned systems to market systems. Most studies have focused on the economic, legal, political and sociological problems these economies have had to face during the transition period. However, not much has been written about the dramatic changes that have to be made to the accounting and financial system of a transition economy. This book was written to help fill that gap. Corporate Governance in Developing Economies: Country Studies of Africa, Asia and Latin America is the sixth in a series to examine accounting and financial system reform in transition and developing economies. It is divided into three parts. Part 1 examines selected issues in corporate governance. Part 2 consists of case studies and comparative studies. Part 3 consists of studies of more than 20 developing countries. The first volume (Accounting and Financial System Reform in a Transition Economy) used Russia as a case study. The second volume (Accounting and Financial System Reform in Eastern Europe and Asia) examined some additional aspects of the reform in Russia and also looked at the accounting and financial system reform efforts that are being made in Ukraine, Bosnia & Herzegovina, Armenia, Eastern Europe and Central Asia. The third volume (Taxation and Public Finance in Transition and Developing Economies) examined taxation and public finance in transition and developing economies. The fourth volume (Accounting Reform in Transition and Developing Economies) examined accounting reform in transition and developing economies. The fifth volume (Corporate Governance in Transition Economies) focused attention on the current state of corporate governance in transition economies and the recent changes that have taken place in this area. The present volume uses the same approach to examining corporate governance in developing economies. Front Matter....Pages I-XI Front Matter....Pages 1-1 Corporate Governance in Developing Economies....Pages 3-22 Shareholder Rights Issues....Pages 23-30 Equitable Treatment of Shareholders....Pages 31-35 The Role of Stakeholders in Corporate Governance....Pages 37-42 Disclosure&Transparency....Pages 43-48 The Responsibility of the Board....Pages 49-56 Insider Trading in Developing Economies....Pages 57-65 The Market for Corporate Control in Developing Economies....Pages 67-83 Front Matter....Pages 85-85 The Timeliness of Financial Reporting in Developing Countries: An Overview....Pages 87-95 Corporate Governance and the Timeliness of Financial Reporting: A Case Study of Kenya....Pages 97-104 Corporate Governance and the Timeliness of Financial Reporting: A Case Study of Kenya and the European Union....Pages 105-111 Corporate Governance and the Timeliness of Financial Reporting: A Comparative Study of Kenya and the United States of America....Pages 113-118 Corporate Governance and the Timeliness of Financial Reporting: A Comparative Study of Kenya and Russia....Pages 119-125 Corporate Governance and the Timeliness of Financial Reporting: A Comparative Study of Kenya and the People’s Republic of China....Pages 127-133 Corporate Governance in Asia: A Comparative Study....Pages 135-141 Corporate Governance in Latin America: A Comparative Study....Pages 143-149 A Comparative Analysis of Corporate Governance Systems in Latin America: Argentina, Brazil, Chile, Colombia, and Venezuela....Pages 151-171 Corporate Governance in Africa and the Middle East: A Comparative Study....Pages 173-179 International Influence on Accountancy in Vietnam....Pages 181-190 Front Matter....Pages 191-191 An Overview of Corporate Governance Practices in Bhutan....Pages 193-196 Front Matter....Pages 191-191 An Overview of Corporate Governance Practices in India....Pages 197-200 An Overview of Corporate Governance Practices in Indonesia....Pages 201-204 An Overview of Corporate Governance Practices in the Republic of Korea....Pages 205-208 An Overview of Corporate Governance Practices in Malaysia....Pages 209-213 An Overview of Corporate Governance Practices in Nepal....Pages 215-218 An Overview of Corporate Governance Practices in Pakistan....Pages 219-222 An Overview of Corporate Governance Practices in the Philippines....Pages 223-226 An Overview of Corporate Governance Practices in Thailand....Pages 227-230 An Overview of Corporate Governance Practices in Turkey....Pages 231-233 An Overview of Corporate Governance Practices in Vietnam....Pages 235-238 An Overview of Corporate Governance Practices in Brazil....Pages 239-242 An Overview of Corporate Governance Practices in Chile....Pages 243-246 An Overview of Corporate Governance Practices in Colombia....Pages 247-250 An Overview of Corporate Governance Practices in Mexico....Pages 251-254 An Overview of Corporate Governance Practices in Panama....Pages 255-258 An Overview of Corporate Governance Practices in Peru....Pages 259-262 An Overview of Corporate Governance Practices in Uruguay....Pages 263-266 An Overview of Corporate Governance Practices in Egypt....Pages 267-270 An Overview of Corporate Governance Practices in Ghana....Pages 271-274 An Overview of Corporate Governance Practices in Jordan....Pages 275-278 Front Matter....Pages 191-191 An Overview of Corporate Governance Practices in Mauritius....Pages 279-282 An Overview of Corporate Governance Practices in Senegal....Pages 283-286 An Overview of Corporate Governance Practices in South Africa....Pages 287-290 An Overview of Corporate Governance Practices in Zimbabwe....Pages 291-293 Back Matter....Pages 295-302 Much has been written about the economic and political problems of countries that are in the process of changing from centrally planned systems to market systems. Most studies have focused on the economic, legal, political, and sociological pr- lems these economies have had to face during the transition period. However, not much has been written about the dramatic changes that have to be made to the accounting and ? nancial system of a transition economy. This book was written to help ? ll that gap. This book is the sixth in a series to examine accounting and ? nancial system reform in transition and developing economies. The ? rst book (Accounting and Financial System Reform in a Transition Economy: A Case Study of Russia) used Russia as a case study. The second volume in the series (Accounting and Financial System Reform in Eastern Europe and Asia) examined some additional aspects of the reform in Russia and also looked at the accounting and ? nancial system reform efforts that are being made in Ukraine, Bosnia and Herzegovina, Armenia, Eastern Europe, and Central Asia. The third volume (Taxation and Public Finance in Tran- tion and Developing Economies) examined taxation and public ? nance in transition and developing economies. The fourth volume (Accounting Reform in Transition and Developing Economies) examines accounting reform in transition and devel- ing economies. This book is not a stand-alone. It is the sixth book in the Springer series on transition and developing economies. The other five volumes in the series dealt with financial reporting and tax issues or corporate governance issues in transition economies. This book addresses corporate governance issues