Please use this identifier to cite or link to this item: https://hdl.handle.net/1959.11/14763
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dc.contributor.authorNaughton, Ten
dc.contributor.authorHovey, Martinen
local.source.editorEditor(s): Economic Analytical Unit, Department of Foreign Affairs and Tradeen
dc.date.accessioned2014-04-23T10:30:00Z
dc.date.issued2002en
dc.identifier.citationChanging Corporate Asia: What Business Needs to Know, v.1: Main Report, p. 13-34en
dc.identifier.isbn0642487790en
dc.identifier.isbn0642487804en
dc.identifier.urihttps://hdl.handle.net/1959.11/14763en
dc.description.abstractIn many East Asian economies, more competitive markets are starting to encourage firms to adopt practices benefiting shareholders, creditors and consumers and move from a relationship to a rules based business model. Prior to the crisis, weak market competition often facilitated poor corporate governance standards and risky corporate behaviour as much as did poor regulations and enforcement. However, corporate exposure to competition varies greatly across the region and in most East Asian economies markets need to be strengthened further before they provide optimal discipline on corporates' behaviour. Strengthening market forces are coming from many sources. Weak banking systems, ongoing prudential reforms and corporate restructuring are pressuring corporates to shift from bank to direct capital market financing. Trade and investment liberalisation, market deregulation and privatisation are increasing goods and services market competition, providing incentives for corporates to seek out the cheapest inputs and finance and adopt more professional management approaches. To succeed in this environment, companies need a rules based business framework and stronger internal governance. This chapter maps major trends in East Asian market dynamics and their impact on the region's traditional and emerging business models.en
dc.languageenen
dc.publisherEconomic Analytical Unit, Department of Foreign Affairs and Tradeen
dc.relation.ispartofChanging Corporate Asia: What Business Needs to Knowen
dc.relation.isversionof1en
dc.titleMarkets Governing Corporationsen
dc.typeBook Chapteren
dc.subject.keywordsFinancial Institutions (incl Banking)en
dc.subject.keywordsCorporate Governance and Stakeholder Engagementen
dc.subject.keywordsFinanceen
local.contributor.firstnameTen
local.contributor.firstnameMartinen
local.subject.for2008150203 Financial Institutions (incl Banking)en
local.subject.for2008150201 Financeen
local.subject.for2008150303 Corporate Governance and Stakeholder Engagementen
local.subject.seo2008900101 Finance Servicesen
local.identifier.epublicationsvtls008668903en
local.profile.schoolAccounting and Financeen
local.profile.schoolUNE Business Schoolen
local.profile.emailmhovey@une.edu.auen
local.output.categoryB1en
local.record.placeauen
local.record.institutionUniversity of New Englanden
local.identifier.epublicationsrecordune-20090908-181552en
local.publisher.placeCanberra, Australiaen
local.identifier.totalchapters6en
local.format.startpage13en
local.format.endpage34en
local.identifier.volume1: Main Reporten
local.contributor.lastnameNaughtonen
local.contributor.lastnameHoveyen
dc.identifier.staffune-id:mhoveyen
local.profile.roleauthoren
local.profile.roleauthoren
local.identifier.unepublicationidune:14978en
dc.identifier.academiclevelAcademicen
local.title.maintitleMarkets Governing Corporationsen
local.output.categorydescriptionB1 Chapter in a Scholarly Booken
local.relation.urlhttp://trove.nla.gov.au/version/45823047en
local.description.statisticsepubsVisitors: 210<br />Views: 235<br />Downloads: 0en
local.search.authorNaughton, Ten
local.search.authorHovey, Martinen
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