Firms are legitimized by their environments if they survive and prosper. But firms can also proactively build legitimacy to enhance their long-term growth prospects. This is vital for private firms based on emerging economies given the weak protection for private property. This article examines...

During the early 1990s, massive amounts of investment from around the world in the form of both debt and equity poured into East Asia. However, beginning in the middle part of this decade a decline in the macro economies of this region placed many firms into decline. The macro economies of the...

A financial system engaged in active transition from central planning to free market may be dubbed a transition economy. On today's global landscape, there are several important transition economies, all at various stages of transition and with differing degrees of success. Yet, much is not...

A financial system engaged in active transition from central planning to free market may be dubbed a transition economy. On today's global landscape, there are several important transition economies, all at various stages of transition and with differing degrees of success. Yet, much is not...

<title/> Venture capital in most of Asia may be more accurately termed a private equity industry which focuses on funding mature firms in slow growth sectors of the economy rather than on funding start-ups. However, the venture capital industry in Singapore is becoming substantially different from that...

Instead of traditional principal-agent conflicts espoused in most research dealing with developed economies, principal-principal conflicts have been identified as a major concern of corporate governance in emerging economies. Principal-principal conflicts between controlling shareholders and...