Corporate Governance and Economic Development

1Towards an Effective System of Corporate Governance

DOI: 10.4324/9780429443459-1

I. Beyond a Simplistic View of Corporate Governance

This book examines the evolution of different corporate governance systems and their impact on countries’ economic development. It investigates how distinct state institutions had shaped domestic corporate sectors. The main argument recognizes the pivotal role played by institutionalized good governance rules in influencing economic performance at the firm and country level. Not that long ago, we used to think about corporate governance as something confined to the internal processes of corporations. Such a narrow view of corporate dynamics harmed our ability to understand the broad regulatory space that frames ...