Managing corporate governance management of family firms in South Asia: evidence from Bangladesh and Sri Lanka

Ahmed, Jashim Uddin; Imran, Shahzada M.; Musa, Shehu; Hasan, Rakibul

doi:10.1504/ijcg.2016.077984

Cited by 2 publications

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“…A cross country comparative analysis also was conducted in the CSR area Ahmed, Imran, Musa, & Hasan (2016). The study examines corporate governance practices in family businesses in Bangladesh and Sri Lanka, revealing low board independence.…”

Section: Comparative Perspectivementioning

confidence: 99%

Family Business Research in Bangladesh: A Scoping Review and Direction for Research Opportunities

Khaled,

Sultana,

Tabassum

2023

Preprint

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In Bangladesh, family businesses play a significant role in the country's business landscape because so few private companies are set up as large-scale, non-family ownership firms. Thus, it is vital to comprehend family businesses in order to comprehend Bangladeshi company dynamics. In this paper, authors attempted to survey the existing research in the area of family business in Bangladesh. It was found that the area as a research is totally an open field and a lot of new research can be done in the said area. Although a good number of studies can be classified as focused on the SME (small and medium enterprise) domain, a major shortcoming of those SME studies is that the SMEs themselves vary greatly in terms of size, scope, and technology. Whereas most of the family businesses can be predominantly put in the SME category, the particular issue of family business and family dynamics is not very common in those studies. This paper suggests that a good amount of research or studies can be done focusing on family business constitution, family members' participation norm, recruitment and promotion norm, family business succession rules and succession planning, training for family business leadership and management, training for board and directorial supervision, and so on.

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Section: Comparative Perspectivementioning

confidence: 99%

Family Business Research in Bangladesh: A Scoping Review and Direction for Research Opportunities

Khaled,

Sultana,

Tabassum

2023

Preprint

View full text Add to dashboard Cite

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Corporate governance from colonial Ceylon to post-civil war Sri Lanka

2023

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This paper examines the corporate governance mechanisms in Sri Lanka, a country that only a little more than a decade ago emerged from a 30-year long civil war. We focus on the evolution of Sri Lanka’s corporate governance from historical, sociocultural, and institutional perspectives. Taking Sri Lanka as a case where inclusiveness and reconciliation at the board level is important, we aim to diagnose the key corporate governance issues which we then broaden towards other South Asia developing countries and provide a research agenda. Many Sri Lankan firms suffer from typical Asian-style agency problems; conflicts of interest between (i) minority and majority shareholders, (ii) shareholders and debtholders, and (iii) shareholders and stakeholders. The most prevalent agency problem is the expropriation of minority shareholders’ rights through ownership pyramids, cross-holdings, or intermediate private firms. Although creditor protection laws limit the expropriation of debtholders’ rights, firms’ widespread use of political connections forces banks to grant cheap credit at favorable terms. Poor stakeholder management creates agency problems following window dressing of ESG disclosures, corporate opacity, and ethnicity-and gender-based discrimination in the workplace. This study shows that social norms and ethical values play a non-negligible role in the functioning of the corporate governance regulation and in corporate culture in Sri Lanka.

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Managing corporate governance management of family firms in South Asia: evidence from Bangladesh and Sri Lanka

Cited by 2 publications

References 0 publications

Family Business Research in Bangladesh: A Scoping Review and Direction for Research Opportunities

Family Business Research in Bangladesh: A Scoping Review and Direction for Research Opportunities

Corporate governance from colonial Ceylon to post-civil war Sri Lanka

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