what is management

             · http://netec.mcc.ac.uk/WoPEc/data/Papers/wdipapers1999-297.html
             Corporate Governance in the Asian Financial Crisis
             Simon Johnson, Peter Boone, Alasdair Breach, Eric Friedman. Creation: 01 Nov 1999
             The "Asian Crisis" of 1997-98 affected all the "emerging markets" open to capital flows. Measures of corporate governance, particularly the effectiveness of protection for minority shareholders, explain the extent of depreciation and stock market decline better than do standard macroeconomic measures. A possible explanation is that in countries with weak corporate governance, worse economic prospects result in more expropriation by managers and thus a larger fall in asset prices.
             · http://www.highbeam.com/library/doc1.asp?docid=1G1:78892790
             Search for more information on HighBeam Research for Asian economic crisis in 1997 corporate governance.
             The Asian crisis of 1997-98 gave a rude awakening to investors who had been happy to turn a blind eye to corporate governance issues during the region's long boom. However, once the IMF began stalking the corridors of power and investors realised the need to be more assertive, corporate governance rapidly entered the Asian business lexicon.
             Three years on and with an economic revival - albeit shaky - under way, the urgency has faded. The pace of change has generally become more pedestrian than in the immediate aftermath of the crisis.
             Abigail Rotheroe, executive director of the Far East desk at Zurich Scudder Investments in London, says: "There was a great will to change, but they were bailed out by economic improvement. Corporate governance is something that needs to be readdressed."
             Dr Mark Mobius, managing director of Templeton Asset Management in Hong Kong, has seen "some improvement" in Korea but, he says, the campaign led by Professor Jan...
             · http://www.globalchange.com/corporategovernance.htm
             Taking personal responsibility for economic and ethica...

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