TY - JOUR
T1 - The political economy of corporate governance in developing economies
T2 - The case of Bangladesh
AU - Haque, Faizul
AU - Arun, Thankom
AU - Kirkpatrick, Colin
PY - 2011/6
Y1 - 2011/6
N2 - The paper investigates the influence of concentrated shareholding, boardroom politics and interest group politics in the quality of corporate governance in listed firms. It finds that the controlling shareholders exert influence in boardroom politics through family-aligned board and executive management. The evidence shows that concentrated ownership, family-aligned board and management, and political connection(s) of the controlling shareholder(s) tend to be inversely associated with the quality of corporate governance in a firm. The findings of the study suggest that the broad-based interest group politics which influence both political preference and corporate control politics contribute significantly to the current state of corporate governance in developing economies. © 2011 Elsevier B.V.
AB - The paper investigates the influence of concentrated shareholding, boardroom politics and interest group politics in the quality of corporate governance in listed firms. It finds that the controlling shareholders exert influence in boardroom politics through family-aligned board and executive management. The evidence shows that concentrated ownership, family-aligned board and management, and political connection(s) of the controlling shareholder(s) tend to be inversely associated with the quality of corporate governance in a firm. The findings of the study suggest that the broad-based interest group politics which influence both political preference and corporate control politics contribute significantly to the current state of corporate governance in developing economies. © 2011 Elsevier B.V.
KW - Asia
KW - Bangladesh
KW - Corporate governance
KW - Interest group politics
KW - Political economy
UR - http://www.scopus.com/inward/record.url?scp=79952518174&partnerID=8YFLogxK
U2 - 10.1016/j.ribaf.2011.01.001
DO - 10.1016/j.ribaf.2011.01.001
M3 - Article
SN - 0275-5319
VL - 25
SP - 169
EP - 182
JO - Research in International Business and Finance
JF - Research in International Business and Finance
IS - 2
ER -