"Governance in Emerging Markets:Local Contingencies, Challenges, and Future Research Directions"

The past decades have seen the active discussion and diffusion of Western, and especially US, corporate governance norms to emerging economies. The proposed panel symposium raises and explores the question of whether the drive for convergence on a perceived Western best practice is sensible and indeed productive for emerging markets and their firms. One basis for this question is the lack of clear, unequivocal empirical support of some central corporate governance precepts even in the context of the United States. More importantly, it seems likely that the utility of corporate governance measures will be mediated by, and co-evolve with, contingencies and ideologies in the local context in which firms are embedded. These are complex concerns, and corporate governance research is only beginning to embark on the comparative research agenda needed to come to terms with them. Our objective for this panel symposium is to help motivate and guide future research on these questions that may help us evolve a more f...