Emerging Market Global Players:

Home-Country Institutions and Corporate Governance

1:00-2:15 PM @ Stanley Park 2-3

Chair: Victor Chen (University of North Carolina, Charlotte)Keynote: Bob Hoskisson (Rice University)Panelists: Hwy-Chang Moon (Seoul National University)

Hsia Hua Sheng (FGV-EAESP)Yasir Yasin Fadol (Qatar University)

Discussant: Igor Filatotchev (City University London)

Economic and Regulatory Institutions

Firms

Corporate Governance

Other constituencies (e.g., shareholders, employees, and outside

stakeholders)

Global Strategies

Home-Country Institutions and Corporate Governance:

Direct vs. Indirect

Source: Roe (2008).

Source: Hall & Gingerich (2004).

Direct influence

State capitalism and relatively strong CG regulations in emerging markets

Governments as owners Senior politicians as TMT/board members CG Regulations

Indirect influence

Institutions are changing faster and more complexly in emerging markets.

Shaping the external environments & shareholder power and, in turn, resource dependence & agency problems of CG.

Source: Chen, Hobdari, & Sun (2014)

Institutional diversity:Global convergence under diverse local/regional constraints?

Panel Structure Keynote: Bob Hoskisson (Rice University) Panelists: Hwy-Chang Moon (Seoul National

University) Hsia Hua Sheng (FGV-EAESP) Yasir Yasin Fadol (Qatar University) Discussant: Igor Filatotchev (City University London)

Open Q&As