Does Asia Really Have Poorer Corporate Governance?: Evidence from International Variations in Transparency

摘要: Prior literature contending that corporate governance in Asia is poor ignores disclosure of self-dealing. This paper overcomes this deficiency as it examines the determinants measures against self-dealing business transactions sixty countries, focusing especially on Asian countries controlling for national culture and relevant economic variables. We document higher transparency positively associated with region. also find negatively uncertainty avoidance an English legal origin greater inequality. Given region has often been regarded having poorer governance, our study will be considerable interest to investors, managers, policy makers.