Institutional Voids and Corporate Governance: A Conceptual Understanding

Umar Burki

Abstract


Asian business firms and their fundamental business institutions are primarily embedded in socio-cultural
features. This institutional void argument outlines the indispensable role of informal Asian business institutions
in managing corporate governance. Under this argument, the study draws attention to the development of
business groups and networks in Asia and elucidates why Asian business groups and networks are important
elements regarding practical and operational dimensions of the Asian corporate sector. These uniqueness Asian
business characteristics are expound in relation to salient assumptions of different theories to understand and
provide practical knowledge about corporate governance choices made by Asian family firms.


Full Text: PDF DOI: 10.5539/ijbm.v7n10p99

Creative Commons License
This work is licensed under a Creative Commons Attribution 3.0 License.

International Journal of Business and Management   ISSN 1833-3850 (Print)   ISSN 1833-8119 (Online)

Copyright © Canadian Center of Science and Education

To make sure that you can receive messages from us, please add the 'ccsenet.org' domain to your e-mail 'safe list'. If you do not receive e-mail in your 'inbox', check your 'bulk mail' or 'junk mail' folders.