Enforcement and Good Corporate Governance in Developing Countries and Transition Economies

More than regulations, laws on the books, or voluntary codes, enforcement is a key to creating an effective business environment and good corporate governance, at least in developing countries and transition economies. A framework is presented to h...

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Bibliographic Details
Main Authors:	Berglof, Erik, Claessens, Stijn
Format:	Journal Article
Language:	English en_US
Published:	Oxford University Press on behalf of the World Bank 2013
Subjects:	ACCESS TO INFORMATION ACCOUNTING AGENCY COSTS ARBITRAGE ARBITRATION ASSET SALES AUDITS BANK LENDING BANK REGULATION BANK SUPERVISORS BANKING REGULATION BANKING SYSTEM BANKRUPTCY BIDS BOND BROKERS BUSINESS ENVIRONMENT CAPITAL MARKET CAPITAL MARKET DEVELOPMENT CAPITAL MARKETS CASH BALANCE CASH BALANCES CENTRAL BANKS CHECKS CIVIL LAW CLASS ACTION CODES OF CONDUCT COLLATERAL COMMON LAW COMPETITION POLICY CONFLICTS OF INTEREST CONTRACT ENFORCEMENT CONTRACT LAW CORPORATE FINANCE CORPORATE GOVERNANCE CORPORATE GOVERNANCE BEHAVIOR CORPORATE GOVERNANCE REFORM CORPORATE GOVERNANCE STANDARDS CORPORATE LAW CORPORATE OWNERSHIP CREDIT BUREAUS CREDIT HISTORIES DEBT DEBT CONTRACTS DEREGULATION DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPING ECONOMIES ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ECONOMIC PERFORMANCE ECONOMIC THEORIES EMERGING MARKETS EMPIRICAL EVIDENCE ENFORCEMENT MECHANISM ENFORCEMENT MECHANISMS ENVIRONMENTS EXCHANGE COMMISSION EXCHANGE COMMISSIONS EXPENDITURES EXTERNAL FINANCE EXTERNAL FINANCING FINANCIAL CONTRACTS FINANCIAL DEVELOPMENT FINANCIAL DISTRESS FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL SYSTEMS FIRM PERFORMANCE FOREIGN FIRMS FOREIGN INVESTORS FOREIGN STOCK GLOBALIZATION GLOBALIZATION OF SECURITIES GOOD GOVERNANCE GOVERNANCE ISSUES GOVERNANCE MECHANISM GOVERNANCE MECHANISMS GOVERNANCE PRACTICES GOVERNMENT ACTIONS GOVERNMENT INTERVENTION HOSTILE TAKEOVERS HUMAN CAPITAL INCENTIVE STRUCTURES INCOME INDIVIDUAL FIRM INDIVIDUAL FIRMS INDIVIDUAL INVESTOR INDIVIDUAL INVESTORS INDIVIDUAL MARKET INFORMATION SYSTEMS INFORMATION TECHNOLOGY INSIDER TRADING INSTITUTIONAL DEVELOPMENT INSTITUTIONAL ENVIRONMENT INSTITUTIONAL ENVIRONMENTS INSTITUTIONAL INVESTORS INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL BANK INTERNATIONAL CORPORATE GOVERNANCE INTERNATIONAL FINANCE INTERNATIONAL LAW INTERNATIONAL MARKETS INTERNATIONAL STANDARDS INTERNATIONAL TRADE INVESTMENT BANKS INVESTMENT STRATEGIES INVESTOR PROTECTION JOINT VENTURES JUDICIAL SYSTEM JUDICIAL SYSTEMS JURISDICTION JURISDICTIONS LABOR MARKETS LAW ENFORCEMENT LEGAL ENVIRONMENT LEGAL MECHANISM LEGAL SYSTEM LEGAL SYSTEMS LENDERS LIABILITY LIQUIDITY LOCAL CORPORATE GOVERNANCE MARKET COMPETITION MARKET ECONOMIES MARKET ECONOMY MARKET FAILURE MARKET FAILURES MARKET MANIPULATION MARKET REGULATION MARKET RETURNS MINORITY INVESTORS MINORITY SHAREHOLDER MINORITY SHAREHOLDER RIGHTS MINORITY SHAREHOLDERS MONOPOLY NATURAL RESOURCES OIL OPERATIONAL INDEPENDENCE OUTPUT OUTPUTS OUTSIDE INVESTORS OWNERSHIP STRUCTURES PAYMENT SERVICES PAYMENTS SYSTEMS POLITICAL ECONOMY POOR REPUTATION POOR REPUTATIONS PREPAYMENTS PRIVATE ENFORCEMENT PRIVATE PARTIES PRIVATE PROPERTY PROFIT OPPORTUNITIES PROPERTY RIGHTS PROPERTY RIGHTS PROTECTION PROTECTION OF MINORITY SHAREHOLDERS PUBLIC ENFORCEMENT PUBLIC GOVERNANCE PUBLIC MARKETS PUBLIC POLICY RATE OF RETURN RATES OF RETURN REGULATORS REGULATORY AGENCIES REGULATORY ENVIRONMENT REGULATORY FRAMEWORK REPUTATION REPUTATIONS RISK DIVERSIFICATION RISK OF EXPROPRIATION RULE OF LAW SECURITIES SECURITIES EXCHANGE SECURITIES LAW SECURITIES MARKET SECURITIES MARKETS SECURITIES REGULATION SELF-REGULATION SELF-REGULATORY AGENCIES SETTLEMENT SHAREHOLDER SHAREHOLDER ACTIVISM SHAREHOLDER VALUE SHAREHOLDERS SMALL BUSINESS SOCIAL COSTS STATE CAPTURE STOCK EXCHANGE STOCK EXCHANGE LISTING STOCK EXCHANGES STOCK MARKET STOCK MARKETS TECHNOLOGICAL PROGRESS TRADE ASSOCIATIONS TRADEOFFS TRADES TRANSACTIONS COSTS TRANSITION ECONOMIES TRANSPARENCY TURNOVER VALUABLE ASSETS VALUATION WEAK ENFORCEMENT
Online Access:	http://documents.worldbank.org/curated/en/2006/02/17590623/enforcement-good-corporate-governance-developing-countries-transition-economies http://hdl.handle.net/10986/16398