Volume : III, Issue : VIII, August - 2013

Globalization and Corporate Governance

Dr. C. Mugunthan

Abstract :

There is growing interest in pressures on national systems of corporate governance to converge that are allegedly being generated by the process of globalization, especially the global integration of financial markets. Advocates of the merits of globalization contend that the trend will lead to a more efficient allocation of capital. Depicting on examples like US, Germany, France, and emerging economies like India, Brazil, Pakistan, china I put forth my argument as there has been a considerable change in national governance systems. These changes cannot be deciphered, nevertheless, as the upshot of a market–driven, efficiency enhancing process that is autonomous of political interests. Rather realignments in corporate governance reflect the growing economic and political influence of those who have accumulated financial assets. Emerging economies follow this queue. Taking Asian countries like India, china, Pakistan it is not only the international virtual pressure they encounter internal changes in their corporate scenario. In this paper I have made an attempt to advocate the structural changes in corporate governance because of globalization and also taken German corporate governance model.

Keywords :

Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

Dr.C.Mugunthan Globalization and Corporate Governance Indian Journal of Applied Research, Vol.III, Issue.VIII August 2013

Number of Downloads : 722

References :