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Economic policy and planning (general) --- Business policy --- Financial organisation --- Consolidation and merger of corporations. --- Corporate governance. --- 098 Bedrijfskunde --- Corporate governance --- Consolidation and merger of corporations --- 338.6 --- Acquisition of corporations --- Acquisitions and mergers --- Amalgamation of corporations --- Business combinations --- Business mergers --- Buyouts, Corporate --- Corporate acquisitions --- Corporate buyouts --- Corporate mergers --- Corporate takeovers --- Corporations --- Fusion of corporations --- Hostile takeovers of corporations --- M & A (Mergers and acquisitions of corporations) --- Merger of corporations --- Mergers and acquisitions of corporations --- Mergers, Corporate --- Takeovers, Corporate --- Corporate reorganizations --- Golden parachutes (Executive compensation) --- Industrial concentration --- Trusts, Industrial --- Governance, Corporate --- Industrial management --- Directors of corporations --- Consolidation --- Mergers
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This paper provides an account of the Emerging Markets Corporate Governance Research Network (EMCGN) and its first 10 years of activities. The network was established under the auspices of the Global Corporate Governance Forum (now incorporated into IFC's Corporate Governance Group). The paper describes the history of the EMCGN and its objective (to stimulate research focused on corporate governance in emerging markets as well as transition and developing countries); its structure, which is a joint undertaking of corporate governance research centers and internationally recognized scholars, with IFC Corporate Governance acting as its catalyst; and its modalities: organizing workshops, holding biennial conferences, and disseminating and communicating research. The paper reviews the quantity and quality of EMCGN's output, based on objective research rankings, and its effects on countries in capacity building and policy changes and development, based on the experiences of participants and policymakers exposed to its work. Analysis of publication data shows that EMCGN has been successful in encouraging research on corporate governance in emerging markets in most areas of research identified as critical at the Network's inception and through its interactions with practitioners and policymakers. EMCGN also has been successful in stimulating collaborative research and facilitating dialogue between scholars and the larger corporate governance community. Its impact on policy and practice development, inherently difficult to pinpoint, seems to have been most effective when channeled through efforts of local corporate governance associations with professional members to influence relevant policymakers and when actively using media to communicate the need for key reforms.
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