Emerging Market Global Players: Home-Country Institutions and Corporate Governance 1:00-2:15 Stanley Park 2-3 Chair: Victor Chen (University of North.

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Emerging Market Global Players: Home-Country Institutions and Corporate Governance 1:00-2:15 Stanley Park 2-3 Chair: Victor Chen (University of North Carolina, Charlotte) Keynote: Bob Hoskisson (Rice University) Panelists:Hwy-Chang Moon (Seoul National University) Hsia Hua Sheng (FGV-EAESP) Yasir Yasin Fadol (Qatar University) Discussant:Igor Filatotchev (City University London)

Economic and Regulatory Institutions Firms Corporate Governance Other constituencies (e.g., shareholders, employees, and outside stakeholders) Global Strategies

Home-Country Institutions and Corporate Governance: Direct vs. Indirect  Source: Roe (2008).  Source: Hall & Gingerich (2004).

Direct influence  State capitalism and relatively strong CG regulations in emerging markets  Governments as ownersSenior politicians as TMT/board membersCG Regulations

Indirect influence  Institutions are changing faster and more complexly in emerging markets.  Shaping the external environments & shareholder power and, in turn, resource dependence & agency problems of CG.  Source: Chen, Hobdari, & Sun (2014)

Institutional diversity: Global convergence under diverse local/regional constraints?

Panel Structure  Keynote: Bob Hoskisson (Rice University)  Panelists:Hwy-Chang Moon (Seoul National University)  Hsia Hua Sheng (FGV-EAESP)  Yasir Yasin Fadol (Qatar University)  Discussant:Igor Filatotchev (City University London)  Open Q&As