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The political economy of corporate governance in developing economies: The case of Bangladesh

The political economy of corporate governance in developing economies: The case of Bangladesh
The political economy of corporate governance in developing economies: The case of Bangladesh
The paper investigates the influence of concentrated shareholding, boardroom politics and interest group politics in the quality of corporate governance in listed firms. It finds that the controlling shareholders exert influence in boardroom politics through family-aligned board and executive management. The evidence shows that concentrated ownership, family-aligned board and management, and political connection(s) of the controlling shareholder(s) tend to be inversely associated with the quality of corporate governance in a firm. The findings of the study suggest that the broad-based interest group politics which influence both political preference and corporate control politics contribute significantly to the current state of corporate governance in developing economies.
0275-5319
169-182
Haque, Faizul
8153d83c-427a-4f73-860d-dd7e9460533d
Arun, Thankom
b2cc6cb9-9cfb-4f44-acba-1ee8270398bf
Kirkpatrick, Colin
770c13ce-54d6-404c-868a-7dfa23cea898
Haque, Faizul
8153d83c-427a-4f73-860d-dd7e9460533d
Arun, Thankom
b2cc6cb9-9cfb-4f44-acba-1ee8270398bf
Kirkpatrick, Colin
770c13ce-54d6-404c-868a-7dfa23cea898

Haque, Faizul, Arun, Thankom and Kirkpatrick, Colin (2011) The political economy of corporate governance in developing economies: The case of Bangladesh. Research in International Business and Finance, 25 (2), 169-182. (doi:10.1016/j.ribaf.2011.01.001).

Record type: Article

Abstract

The paper investigates the influence of concentrated shareholding, boardroom politics and interest group politics in the quality of corporate governance in listed firms. It finds that the controlling shareholders exert influence in boardroom politics through family-aligned board and executive management. The evidence shows that concentrated ownership, family-aligned board and management, and political connection(s) of the controlling shareholder(s) tend to be inversely associated with the quality of corporate governance in a firm. The findings of the study suggest that the broad-based interest group politics which influence both political preference and corporate control politics contribute significantly to the current state of corporate governance in developing economies.

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More information

Accepted/In Press date: 6 January 2011
Published date: June 2011

Identifiers

Local EPrints ID: 446498
URI: http://eprints.soton.ac.uk/id/eprint/446498
ISSN: 0275-5319
PURE UUID: 87a567e0-ace9-4603-ba5f-447591039a6a
ORCID for Faizul Haque: ORCID iD orcid.org/0000-0003-1556-3466

Catalogue record

Date deposited: 11 Feb 2021 17:34
Last modified: 09 Jan 2022 04:12

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Contributors

Author: Faizul Haque ORCID iD
Author: Thankom Arun
Author: Colin Kirkpatrick

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