Handbook of Asian Finance

Chapter 14

Does Asia Really have Poorer Governance? Evidence from International Variations in Self-Dealing Transparency

Raj Aggarwal^a and John W. Goodell^b,    ^a7380 Sherman Rd., Chesterland, OH 44026, USA,    ^bDepartment of Finance, University of Akron, 325 Buchtel Common, OH 44107, USA    E-mail: [e-mail]; [e-mail]

Abstract

Prior literature contending that corporate governance in Asia is poor ignores disclosure of self-dealing. This chapter overcomes this deficiency as it examines the determinants of measures against self-dealing in corporate activity in 60 countries, focusing especially on Asian countries controlling for national culture and economic variables. We document that higher self-dealing transparency is positively ...