2002
DOI: 10.1016/s0304-405x(02)00076-4
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A cross-firm analysis of the impact of corporate governance on the East Asian financial crisis

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Cited by 1,238 publications
(700 citation statements)
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References 29 publications
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“…(Demirag & Serter, 2003;Yurtoğlu, 2003). Mitton (2002) suggests that legal protection deficiency over property rights provides firms some power to expropriate minority shareholder interests. In Turkey, there is inadequate protection of minority rights because of the underdeveloped equity culture of capital markets, the dominance of long term debt finance, and the inadequate legal environment.…”
Section: Introductionmentioning
confidence: 99%
“…(Demirag & Serter, 2003;Yurtoğlu, 2003). Mitton (2002) suggests that legal protection deficiency over property rights provides firms some power to expropriate minority shareholder interests. In Turkey, there is inadequate protection of minority rights because of the underdeveloped equity culture of capital markets, the dominance of long term debt finance, and the inadequate legal environment.…”
Section: Introductionmentioning
confidence: 99%
“…Johnson et al (2000) show that countries with weak legal protection for minority shareholders affected by the crisis more severe than countries with strong legal protection. Mitton (2002) also found that corporate governance has a strong positive impact on the company's performance during the financial crisis. Based on these phenomena implementation of Good Corporate Governance (GCG) becomes important to be consistently applied.…”
Section: Introductionmentioning
confidence: 90%
“…Since the aftermath of the 1997 East Asian financial crisis, Asian Tigers including Hong Kong, Singapore and Malaysia (Sawicki, 2009) have taken a leap to improve their Corporate Governance (CG) as it was identified that a weaker CG escalated the crisis (Mitton, 2002). In 2007, the new revised Malaysian Code of Corporate Governance (MCCG) was issued to replace the previous MCCG 2001 and several improvements have been proposed to strengthen the entity's CG especially for those companies which are publicly listed in Bursa Malaysia.…”
Section: Background Of the Studymentioning
confidence: 99%