Volume : IV, Issue : VII, July - 2015

International Corporate Governance Systems : Is Convergence Among the Systems a Dream?

Alev Dilek Aydin

Abstract :

As competition for foreign and domestic investment grows, the concept of corporate governance attracts considerable attention as an effective tool to improve firm competitiveness and the major economic and business environment in a country. Corporate governance in the last few decades has evolved in response to corporate scandals, company failures and systemic crisis. It is a complex subject which cannot be analyzed without taking societal, cultural and historical factors into consideration. In the majority of the academic studies, there is an agreement that three main corporate governance systems are the Anglo-Saxon, the German (Continental European), and the Japanese one. It is obvious that much work still needs to be done in the field of corporate governance reform in both developed and developing countries, although governance standards are improving and it is expected that this trend will continue.

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Article: Download PDF    DOI : https://www.doi.org/10.36106/gjra  

Cite This Article:

Alev Dilek Aydin International Corporate Governance Systems : Is Convergence Among the Systems a Dream? Global Journal For Research Analysis, Vol: 4, Issue: 7 July 2015

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