The Evolution of Corporate Governance in Banking Industry of Thailand from the 1997 Asian Crisis to the 2008 Global Credit Crisis

Hoontrakul, Pongsak; Karnchanasai, Chatsurang Cathy

doi:10.2139/ssrn.1555423

Cited by 1 publication

(1 citation statement)

References 6 publications

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“…The interest in corporate governance is reflected in the growth in the volume of its literature both in its depth and its extension from the core of developed countries to emerging and developed countries. While high-profile corporate collapses such as Enron and ABC learning are a stimulus for maintained interest in the developed world, similar collapses and regional financial crises have occurred in other areas over recent decades (Hoontrakul and Karnchanasin, 2010;Nogata et al, 2009;Cheung and Jang, 2007;Faccio and Sengupta, 2006;Glen and Singh, 2005). Most recently, the global financial crisis (GFC) has highlighted the centrality of sound corporate management practices to the stability of national capital markets (Shoebridge, 2009;Kim, 2008;Pierre-Louis, 2009).…”

Section: Introductionmentioning

confidence: 99%

Corporate governance in five Arabian Gulf countries

Baydoun¹,

Maguire

Ryan

et al. 2012

Managerial Auditing Journal

101

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In this paper we discuss the state of corporate governance in five countries, Kuwait, Bahrain, the United Arab Emirates, Qatar and Oman, of the Arabian Gulf. The countries are similar in culture and part of a locality with characteristics which make it distinctive in terms of wealth, state of social, economic and political development and their economic dependence on hydrocarbon resources. We construct a measure of corporate governance using the OECD's 2005 survey data, which included these and many other countries in the sample. We anayze the resulting measures in the light of ongoing institutional developments in each country. Our findings are that Omasn appears as a clear leader followed by Kuwait and the United Arab Emirates, based on our corporate governance measurement scale. Bahrain and Qatar rank least highly. We discuss some of the underlying reasons for these results.

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