Agency theory argues that companies need to structure their top management pay so as to attract, retain, motivate, and reward senior executives. It is implicit in this literature that managers should be rewarded for performance and that company size should not be a significant determinant of...

Bhutan, in 2040, will be very different from what it is today. The transport system then needs to respond to the changing needs and demands. The Transport Integrated Strategic Vision 2040 incorporates all existing transport related plans, policies, initiatives, and actions to create a long-term...

This publication explores the potential costs for coastal adaptation from 2010 until 2050 in East Asia due to climate-induced sea-level rise and possibly more intense tropical cyclones. The results are estimates of possible adaptation needs, which illustrate the possible magnitude of adapting to...

Energy efficiency is often defined as delivered energy service per unit of energy supplied into a system. Supply-side energy efficiency refers to decreasing energy losses in the supply chain, for improved performance in the production and delivery of electricity and heat. Demandside energy...

The Asian Development Bank (ADB) is preparing sector assessments, strategies, and road maps (ASRs) to help align future ADB support with the needs and strategies of developing member countries and other development partners. ASRs are a working document that helps inform the development of...

This project study was initiated by the Asian Development Bank (ADB) as part of the Central Asia Regional Economic Cooperation (CAREC) Transport and Trade Facilitation Strategy. Its objective is to identify areas for improvement in the administration and application of sanitary and phytosanitary...

This economic report on Tonga is the result of a joint project of the Asian Development Bank (ADB) and the Australian Agency for International Development. It is part of ADB’s Pacific Islands Economic Report series, which aims to assist governments in formulating policy by analyzing a...

Supporting its developing member countries (DMCs) affected by fragility and conflict is a high priority for the Asian Development Bank (ADB). This is demonstrated by ADB’s adoption of its 2007 approach, which responds to the special challenges faced by DMCs experiencing conditions that are now...

The operational plan sets out the strategic directions and the guiding framework to advance the gender equality agenda and deliver better gender equality outcomes in Asia and the Pacific by 2020. Under the new gender operational plan, the Asian Development Bank (ADB) will intensify its efforts...

This publication reviews recent developments in East Asian local currency bond markets along with the outlook, risks, and policy options. It covers the 10 members of the Association of Southeast Asian Nations plus the People’s Republic of China; Hong Kong, China; and the Republic of Korea.