This paper focuses on the inter-relationship between corporate governance, financing of corporate growth and stock market development in emerging countries. It explores both theoretically and empirically the nature of the inter-relationships between these phenomena, as well their implications...

The purpose of this paper is to build on the Wellon - Piston analysis and to make two specific proposals for the further evolution of corporate law in Asian countries. The first of these proposals is designed to deal with important aspects of the current economic and financial crisis in South...

Abstract In the 1980s, fifty years after the Great Depression industrial countries came again to be haunted with the spectre of mass unemployment. The unemployment situation, into the 1990s, continues to be dire in several European Union countries. Double digit unemployment rates are currently...

Although in the post-World War II period as a whole, developing countries have made substantial economic and industrial progress, during the last decade or so, many of them, particularly in Latin America and Africa, have been in an acute economic crisis . As a consequence, these countries have...

Abstract Two principal analytical and practical policy issues in economic development today are: a) the degree and kind of openness to the world economy a developing country should seek; b) what should the government do, or not do, in order to promote fast economic and industrial development....

Legal origins theory suggests that law reform,strengthening shareholder and creditor rights, should enhance financial development. We use recently created datasets measuring legal change over time in a sample of 25 developing, developed and transition countries to test this claim. We find that...

Abstract In the first large-scale comparative studies of corporate financing patterns of large firms in leading developing countries (DCs), Singh and Hamid (1992) and Singh (1995) arrived at some rather surprising conclusions. This research showed that although there are variations in corporate...

Abstract The East Asian countries have achieved a spectacular average rate of economic growth over the last 30 to 40 years, with very substantial diversification and economic development. Korea, for example, managed to transform itself from being a largely agricultural society in 1960 to the...

Abstract Although in the post-World War II period as a whole, developing countries have made substantial economic and industrial progress, during the last decade or so, many of them, particularly in Latin America and Africa, have been in an acute economic crisis . As a consequence, these...

My remit in this paper is to examine specifically the international dimensions of the current economic and financial crisis in order to help understand its dynamics. This crisis has been truly international and has affected countries around the globe. It might have started as a relatively minor...