1 / 4

Victor Z. Chen Ph.D. Candidate in Strategy Simon Fraser University

Foreign Direct Investment, Principal-Principal Conflicts, and Corporate Performance of Emerging Economy Firms. Victor Z. Chen Ph.D. Candidate in Strategy Simon Fraser University. Problem to be studied.

whitney
Download Presentation

Victor Z. Chen Ph.D. Candidate in Strategy Simon Fraser University

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Foreign Direct Investment, Principal-Principal Conflicts, and Corporate Performance of Emerging Economy Firms Victor Z. Chen Ph.D. Candidate in Strategy Simon Fraser University

  2. Problem to be studied • It is very difficult to prevent controlling shareholders of emerging economy firms from expropriating minority shareholders, which in turn hampers corporate performance.

  3. Model Emerging Economies such as BRIC FDI [ - ] Corporate Performance PP Conflict [ - ] Major forms: Appointing unprofessional personally trusted persons on senior posts [-] Involvement in self-beneficial trades that are unbeneficial or even harmful for minority shareholders [-] Pursuit in personal, family and political agendas that hamper corporate performance [-] Pyramid building and sacrificing lower-tiers [-]

  4. The world, and our western countries in particular need better understanding of emerging economies and their firms. • “we believe BRIC remain on a trajectory that will see their combined output reach 50% of the G7 level by 2020 and parity between 2030 and 2050. The economic downturn of the last 24 months has accelerated that realignment of the global economy; while growth slowed in all major regions, it has rebounded most quickly in emerging economies, widening the disparity between emerging market growth and that of developed markets.” • -- Dr. Jim O’Neill, Head of Global Economic Research at Goldman Sachs, and Father of the Idea of ‘BRIC’. With Jim in Vancouver, Fall 2009

More Related