Purpose – A high quality of corporate governance practices is important for a sustainable development of an economy. The purpose of this paper is to analyze the convergence and adaption of corporate governance practices in emerging markets. It shows how Brazil, Russia, India, and China (BRIC)...

Constituting over two-thirds of the world's population and one-fifth of its GDP, the emerging markets are expected to continue to impact the world's new economic order, ushering in changes in economic thought, management philosophy, global operations, and financial flows. Given their importance...

The fiercely increasing dynamics in many industries, which are a result of globalization, are main reasons for the increasing number of alliances during the past decade. Firms foster the exploitation as well as the exploration processes by engaging in alliances. To do so, firms need specific...