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Asia
Kinds of Asia Terms modified by Asia Selected AbstractsWILL ASIA GO REGIONAL?ECONOMIC AFFAIRS, Issue 1 2010Razeen SallyArticle first published online: 1 MAR 2010 No abstract is available for this article. [source] THE NEW PORTS OF ASIA AND THE COMPETITION FOR REGIONAL SUPREMACYECONOMIC PAPERS: A JOURNAL OF APPLIED ECONOMICS AND POLICY, Issue 4 2002MARIKA A. VICZIANY First page of article [source] DR CONGO , ASIA, MIDDLE EAST: Foreign InvestmentAFRICA RESEARCH BULLETIN: ECONOMIC, FINANCIAL AND TECHNICAL SERIES, Issue 6 2010Article first published online: 3 AUG 2010 No abstract is available for this article. [source] ANATOLIA AND THE BALKANS, ONCE AGAIN , RING-SHAPED IDOLS FROM WESTERN ASIA AND A CRITICAL REASSESSMENT OF SOME ,EARLY BRONZE AGE' ITEMS FROM ,K,ZTEPE, TURKEYOXFORD JOURNAL OF ARCHAEOLOGY, Issue 1 2007THOMAS ZIMMERMANN Summary. The ring-shaped idol pendant, a distinctive type of Chalcolithic ritual (?) jewellery, is discussed with regard to its chronology in the Balkans in light of its occasional appearance in Asia Minor. Known from domestic contexts, funerals and hoards (?), none of the so far documented Anatolian pendants (clearly another aspect testifying to the well-known Anatolian,Balkan connections in the fourth millennium BC) can be dated later than the Late Chalcolithic/Early Bronze Age I. This fact provides further evidence for the developing hypothesis that certain inventories from ,kiztepe, the only prehistoric reference site on the Turkish Black Sea coast excavated on a large scale, need some profound chronological redating. Selected features and levels dated to ,Early Bronze Age II,III' at ,kiztepe seem to be several centuries older than currently believed, which has implications for the overall chronological range of these pendants. [source] FEAR OF FLOATING IN EAST ASIA?PACIFIC ECONOMIC REVIEW, Issue 2 2009Soyoung Kim Abstract., We examine the de facto exchange rate arrangements in eight East Asian countries during the post-Asian crisis period. The empirical results suggest that three countries adopted a hard peg or a peg with capital account restrictions, whereas five countries moved toward a more flexible exchange rate arrangement in the post-crisis period. Three of these five countries (Korea, Indonesia and Thailand) achieved a level of exchange rate flexibility close to the level accomplished in a free floater such as Australia. These results suggest that ,fear of floating' in East Asia is not prevalent in the post-crisis period, supporting the bipolar view of the optimal exchange rate regime. [source] REVALUATION PRESSURE AND NEW EXCHANGE RATE ARRANGEMENTS FOR EAST ASIA: A SYMPOSIUMPACIFIC ECONOMIC REVIEW, Issue 1 2008George M. Von FurstenbergArticle first published online: 9 JAN 200 Its venue, Villa Serbelloni, was made available by the Rockefeller Foundation. Reforms of the international monetary and financial system have been discussed there since the 1960s. As was the case then, the focus of the conference was once again on the declining international anchor functions and relations with the US dollar, but this time in and with continental East Asia, rather than Europe and Japan. [source] BORDER BARRIERS IN AGRICULTURAL TRADE AND THE IMPACT OF THEIR ELIMINATION: EVIDENCE FROM EAST ASIATHE DEVELOPING ECONOMIES, Issue 2 2010Kuo-I CHANG F13; F14; Q17 We investigate the impact of the elimination of import tariffs and nontariff policy barriers (NTPBs) on agricultural trade in a notional East Asian Free Trade Agreement using a Global Trade Analysis Project (GTAP)-based computable general equilibrium model. The investigation is divided into two parts. We first measure the NTPBs by employing a widely used method derived from the literature on border effects. Then, by adding into the GTAP database our estimates on the NTPBs, which the original GTAP database by its nature does incorporate, we compute the impact of the entire elimination of policy barriers (the complete reduction of import tariffs and NTPBs) on GDP. The result shows that there are remarkable differences between the effect of abolition of import tariffs and that of entire elimination of all import barriers. [source] VALUE CONTENT AND PRODUCTION NETWORKS IN SOUTHEAST ASIA: APPLICATION OF AFTA AND ASEAN-PLUS-ONE FTA FORMULASTHE DEVELOPING ECONOMIES, Issue 2 2009Ikuo KUROIWA C67; F15; L60 Rules of origin are an integral part of all trade rules. To be eligible for Common Effective Preferential Tariffs under the ASEAN Free Trade Area (AFTA) agreement, a product must satisfy the conditions relative to value content. The present paper seeks to calculate value content of industries in Southeast Asia, using the formula specified by the rules of origin in AFTA, the ASEAN,China FTA, the ASEAN,Korea FTA, and the ASEAN,Japan FTA. Moreover, the paper attempts to calculate true value content of industries by applying a simple technique of input,output analysis, and to estimate error margins (i.e., overestimates) in calculating value content. The paper also examines the relationship between value content and production networks. The paper finds that many industries exhibited declines in local content during the period 1990,2000, but that the geographical spread of production networks raised the proportion of inputs supplied by the neighboring ASEAN countries, so that the contribution of the cumulative rule of origin increased. [source] EXPORT-LED GROWTH HYPOTHESIS: FURTHER ECONOMETRIC EVIDENCE FROM SOUTH ASIATHE DEVELOPING ECONOMIES, Issue 4 2005NASIM SHAH SHIRAZI This paper examines the export-led growth (ELG) hypothesis for five South Asian countries through cointegration and multivariate Granger causality tests. Strong support for a long-run relationship among exports, imports, and real output for all the countries except Sri Lanka were found. Feedback effects between exports and GDP for Bangladesh and Nepal and unidirectional causality from exports to output in the case of Pakistan were found. No causality between these variables was found for Sri Lanka and India, although for India GDP and exports did induce imports. A feedback effect between imports and GDP was also documented for Pakistan, Bangladesh, and Nepal, as well as unidirectional causality from imports to output growth for Sri Lanka. These and other findings are discussed from the standpoint of the export-led growth hypothesis. [source] TIME-VARYING ESTIMATES ON THE OPENNESS OF CAPITAL ACCOUNTS IN EAST ASIA AND MEXICOTHE DEVELOPING ECONOMIES, Issue 2 2000Sun LIXING First page of article [source] EXCHANGE RATE REGIMES AND MONETARY COOPERATION: LESSONS FROM EAST ASIA AND LATIN AMERICA,THE JAPANESE ECONOMIC REVIEW, Issue 3 2004TAKATOSHI ITO This paper analyses the mechanisms of, and draws lessons from, currency crises in Asian and Latin American countries in the 1990s and 2000s. In Asian countries fiscal deficits were insignificant in size, and were not part of a crisis trigger, while in Latin America they played a major role in the crisis story. Crisis management by international financial institutions has been evolving over the last 10 years, and private-sector involvement (PSI) has occupied centre-stage in efforts to reform the international financial architecture. Sovereign debts, a focus of PSI discussions, were neither a cause nor a propagation of the Asian crises. [source] Grid services for earthquake scienceCONCURRENCY AND COMPUTATION: PRACTICE & EXPERIENCE, Issue 6-7 2002Geoffrey Fox Abstract We describe an information system architecture for the ACES (Asia,Pacific Cooperation for Earthquake Simulation) community. It addresses several key features of the field,simulations at multiple scales that need to be coupled together; real-time and archival observational data, which needs to be analyzed for patterns and linked to the simulations; a variety of important algorithms including partial differential equation solvers, particle dynamics, signal processing and data analysis; a natural three-dimensional space (plus time) setting for both visualization and observations; the linkage of field to real-time events both as an aid to crisis management and to scientific discovery. We also address the need to support education and research for a field whose computational sophistication is rapidly increasing and spans a broad range. The information system assumes that all significant data is defined by an XML layer which could be virtual, but whose existence ensures that all data is object-based and can be accessed and searched in this form. The various capabilities needed by ACES are defined as grid services, which are conformant with emerging standards and implemented with different levels of fidelity and performance appropriate to the application. Grid Services can be composed in a hierarchical fashion to address complex problems. The real-time needs of the field are addressed by high-performance implementation of data transfer and simulation services. Further, the environment is linked to real-time collaboration to support interactions between scientists in geographically distant locations. Copyright © 2002 John Wiley & Sons, Ltd. [source] Conflict resolution education in the Asian PacificCONFLICT RESOLUTION QUARTERLY, Issue 1 2007Bruce E. Barnes Conflict Resolution Education (CRE) is taking hold in the Oceania-Island Pacific-East Asia and Southeast Asia region. This article highlights several promising programs from New Zealand-Aotearoa, Singapore, Hong Kong, Fiji, and Australia. Peer mediation programs range from the Cool Schools programs present in more than half of all the schools in New Zealand to newer programs in Singapore. Restorative justice programs are operating in New Zealand, Australia, and Hong Kong. International efforts in both CR and CRE by universities in the region are discussed, highlighting regional centers in South Australia (uniSA) and Queensland (ACPACS). Information is also given about the Asia Pacific Mediation Forum, which will be presenting its third regional conference in June 2008 in Malaysia. [source] Conservation Biology in Asia: the Major Policy ChallengesCONSERVATION BIOLOGY, Issue 4 2009JEFFREY A. McNEELY Asia; bosques; comercio de vida silvestres; conflicto humano-animal; economía Abstract:,With about half the world's human population and booming economies, Asia faces numerous challenges to its biodiversity. The Asia Section of the Society for Conservation Biology has identified some key policy issues in which significant progress can be made. These include developing new sources of funding for forest conservation; identifying potential impacts of energy alternatives on the conservation of biodiversity; curbing the trade in endangered species of plants and animals; a special focus on the conservation of mountain biodiversity; enhancing relevant research; ensuring that conservation biology contributes to major international conventions and funding mechanisms; using conservation biology to build a better understanding of zoonotic diseases; more effectively addressing human,animal conflicts; enhancing community-based conservation; and using conservation biology to help address the pervasive water-deficit problems in much of Asia. These challenges can be met through improved regional cooperation among the relevant stakeholders. Resumen:,Con aproximadamente la mitad de la población humana y economías prósperas, Asia enfrenta numerosos retos para su biodiversidad. La sección Asia de la Sociedad para la Biología de la Conservación ha identificado algunos temas políticos claves en los que se puede hacer un progreso significativo. Estos incluyen el desarrollo de nuevas fuentes de financiamiento para la conservación de bosques; la identificación de impactos potenciales de las energías alternativas sobre la conservación de la biodiversidad; reducción del comercio de especies de animales y plantas en peligro; un enfoque especial en la conservación de la biodiversidad montana; promoción de investigación relevante; garantía de que la biología de la conservación contribuye a convenios internacionales y mecanismos de financiamiento; utilización de la biología de la conservación para lograr un mejor entendimiento de enfermedades zoonóticas; mejor atención a los conflictos humanos-animales; reforzamiento de la conservación basada en comunidades y utilización de la biología de la conservación para atender los problemas de déficit de agua en gran parte de Asia. Estos retos se pueden atender mediante una mejor cooperación regional entre los principales actores. [source] Experimental Assessment of Coral Reef Rehabilitation Following Blast FishingCONSERVATION BIOLOGY, Issue 1 2005HELEN E. FOX arrecifes de Indonesia; recuperación de arrecife de coral; restauración de arrecifes Abstract:,Illegal fishing with explosives has damaged coral reefs throughout Southeast Asia. In addition to killing fish and other organisms, the blasts shatter coral skeletons, leaving fields of broken rubble that shift in the current, abrading or burying new coral recruits, and thereby slowing or preventing reef recovery. Successful restoration and rehabilitation efforts can contribute to coral reef conservation. We used field experiments to assess the effectiveness of different low-cost methods for coral reef rehabilitation in Komodo National Park (KNP), Indonesia. Our experiments were conducted at three different spatial scales. At a scale of 1 × 1 m plots, we tested three different rehabilitation methods: rock piles, cement slabs, and netting pinned to the rubble. Significantly more corals per square meter grew on rocks, followed by cement, netting, and untreated rubble, although many plots were scattered by strong water current or buried by rubble after 2.5 years. To test the benefits of the most successful treatment, rocks, at more realistic scales, we established 10 × 10 m plots of rock piles at each of our nine sites in 2000. Three years after installation, coverage by hard corals on the rocks continued to increase, although rehabilitation in high current areas remained the most difficult. In 2002 rehabilitation efforts in KNP were increased over 6000 m2 to test four rock pile designs at each of four rubble field sites. Assuming that there is an adequate larval supply, using rocks for simple, low-budget, large-scale rehabilitation appears to be a viable option for restoring the structural foundation of damaged reefs. Resumen:,La pesca ilegal con explosivos ha dañado a arrecifes de coral en el sureste de Asia. Además de matar a peces y otros organismos, las explosiones destruyen esqueletos de corales, dejando campos de escombros rotos que se mueven con la corriente, erosionando o enterrando a reclutas de coral nuevos y por lo tanto disminuyen o previenen la recuperación del coral. Esfuerzos exitosos de restauración y rehabilitación pueden contribuir a la conservación de arrecifes de coral. Usamos experimentos de campo para evaluar la efectividad de diferentes métodos de bajo costo para la rehabilitación de arrecifes de coral en el Parque Nacional Komodo (PNK), Indonesia. Desarrollamos nuestros experimentos en tres escalas espaciales diferentes. A una escala de parcelas de 1 x 1 m, probamos tres métodos de rehabilitación: pilas de rocas, losas de cemento y redes sobre el escombro. Crecieron significativamente más corales por metro cuadrado sobre rocas, seguido por el cemento, redes y escombro sin tratamiento, aunque muchas parcelas fueron dispersadas por la fuerte corriente de agua o enterradas por escombros después de 2.5 años. Para probar los beneficios del tratamiento más exitoso, rocas, a escalas más realistas, en 2000 establecimos parcelas de 10 x10 m con pilas de rocas en cada unos de nuestros nueve sitios. Tres años después, la cobertura de corales duros sobre las rocas continuó incrementando, aunque la rehabilitación en áreas con corrientes fuertes fue la más difícil. En 2002, los esfuerzos de rehabilitación en PNK se incrementaron a 6000 m2 para probar cuatro diseños de pilas de rocas en cada uno de los cuatro sitios con escombros. Asumiendo que hay una adecuada existencia de larvas, la utilización de rocas para rehabilitación simple, de bajo costo y gran escala parece ser una opción viable para la restauración de la base estructural de arrecifes dañados. [source] Heavy Extinctions of Forest Avifauna in Singapore: Lessons for Biodiversity Conservation in Southeast AsiaCONSERVATION BIOLOGY, Issue 6 2000Marjorie Castelletta In Southeast Asia, Singapore, a newly developing country, has had 95% of its native lowland rainforest cleared. Most of the rainforest was lost in the mid- to late-nineteenth century. We compared avifauna checklists from 1923, 1949, and 1998 to determine the extent of extinctions between 1923 and 1998 in Singapore. Of 203 diurnal bird species, 65 were extirpated in Singapore in the past 75 years. Four of these species were nonforest- dependent species, whereas 61 (94%) were forest bird species dependent on the primary or old secondary forest to survive. Twenty-six forest bird species became extinct between 1923 and 1949, whereas 35 forest species disappeared after 1949. We compared the body lengths, feeding guilds, and vertical feeding zones between extinct and extant forest bird species to determine whether extinction patterns were dependent on these characteristics. Larger forest bird species went extinct between 1923 and 1949. Body sizes, however, did not affect the loss of forest bird species between 1949 and 1998. We observed high losses of insectivorous birds; the insectivore-carnivore and insectivore-granivore guilds lost> 80% of the species present in 1923. The highest losses were among birds that fed in the canopy. None of the forest bird species are currently common (>100 individuals/species) within Singapore. Our study shows that more than half the forest avifauna became locally extinct after extensive deforestation. Based on this fact, the countries within Southeast Asia should reconsider their heavy deforestation practices. Resumen: Las consecuencias de la tala rápida del bosque lluvioso sobre la avifauna nativa son poco conocidas. En Asia sudoriental, Singapur, un país en desarrollo, un 95% de su bosque nativo de tierras bajas ha sido talado. La mayoríia del bosque se perdió entre mediados y finales del siglo diecinueve. En este trabajo comparamos las listas de avifauna de 1923, 1949 y 1998 para determinar la extensión de las extinciones en Singapur entre 1923 y 1998. Sesenta y cinco de las 203 especies diurnas de aves fueron extirpadas de Singapur en los últimos 75 años. Cuatro de estas especies fueron especies no dependientes del bosque, mientras que 61 (94%) fueron especies de aves del bosque (especies que dependen del bosque primario o secundario viejo para sobrevivir). Veintiséis de las especies de aves del bosque se extinguieron entre 1923 y 1949, mientras que 35 especies del bosque desaparecieron después de 1949. Comparamos las longitudes del cuerpo, los gremios de alimentación y las zonas de alimentación vertical entre especies de aves de bosque extintas y existentes para determinar si los patrones de extinción fueron dependientes de estas características. Las especies de aves grandes del bosque se extinguieron entre 1923 y 1949. Sin embargo, el tamaño del cuerpo no afectó la pérdida de especies del bosque entre 1949 y 1998. Observamos altas pérdidas de aves insectívoras; los gremios de insectívoros-carnívoros e insectívoros-granívoros perdieron> 80% de las especies que estaban presentes en 1923. Los números más altos de pérdidas fueron de aves que se alimentan en el dosel. Ninguna de las especies de aves del bosque es común en la actualidad (>100 individuos/especie) dentro de Singapur. Nuestro estudio muestra que más de la mitad de la avifauna del bosque se ha extinguido localmente después de una deforestación extensiva. Con base en este hecho, los países dentro de Asia Sudoriental deberían reconsiderar sus prácticas de intensa deforestación. [source] Epidemiological data on consumer allergy to p -phenylenediamineCONTACT DERMATITIS, Issue 6 2008Jacob Pontoppidan Thyssen Many women and men now dye their hair. p-Phenylenediamine (PPD) is a frequent and important component of permanent hair dye products; exposure to it may cause allergic contact sensitization, acute dermatitis, and severe facial oedema. To increase our understanding of PPD allergy, we reviewed published literature containing PPD patch test data from dermatitis patients and individuals in the general population. This was performed to estimate the median prevalence and the weighted average of PPD sensitization and thereby assess the burden of PPD-containing hair care products on health. Literature was examined using PubMed,MEDLINE, Biosis, and Science Citation Index. The median prevalence among dermatitis patients was 4.3% in Asia, 4% in Europe, and 6.2% in North America. A widespread increase in the prevalence of PPD sensitization was observed among Asian dermatitis patients. In Europe, a decrease in the 1970s was replaced by a plateau with steady, high prevalences ranging between 2% and 6%. The prevalence remained high in North America, although a decreasing tendency was observed. Contact allergy to PPD is an important health issue for both women and men. More stringent regulation and enforcement are required as public health measures to reduce the burden of disease that exposure to PPD has brought to populations. [source] A patch test study of 27 crude drugs commonly used in Chinese topical medicamentsCONTACT DERMATITIS, Issue 1 2003Hsuan-Hsiang Chen Chinese topical medicaments (CTMs) are commonly used in Taiwan and in Southeast Asia. However, a systematic evaluation of contact sensitization potential from CTM has not been carried out to our knowledge. This study was undertaken to investigate the incidence of contact sensitivity to the components of CTM in patients with contact dermatitis from CTM. A screening series of 27 crude drugs most commonly used in CTM as well as a modified European standard series was patch tested in 30 patients. The herbs with the most frequent positive reactions were Flos Caryophylli ( ), Radix Angelicae Pubescentis ( ), Cortex Cinnamomi ( ), Cortex Radix Acanthopanacis ( ), Caulis Impatientis ( ), Resina Draconis/Sanguis Draconis ( ), Fructus Cnidii ( ), Radix Gentiana Macrophyllae ( ), and Rhizoma Ligustici Chuanxiong ( ). Concomitant allergy to colophonium was found in most of these positive reactions. Reducing the concentration and simplifying the compositions of these components, as well as replacement with those of low allergenicity in CTM, such as Rhizoma Arisaematis ( ), Herba Lycopodii ( ), Radix Cyathulae Officinalis ( ), Rhizoma Pinelliae ( ), Radix Angelicae Dahuricae ( ), Herba Dendrobii ( ), Secretio Moschus ( ), and Stigmata Croci ( ), may be advocated. A precise labelling of the dosage of each component and the exact chemical compounds in CTM products could further improve the safety and therapeutic effects of CTM in the future. [source] Optimal Board Monitoring in Family-owned Companies: Evidence from AsiaCORPORATE GOVERNANCE, Issue 1 2010En-Te Chen ABSTRACT Manuscript Type: Empirical Research Question/Issue: We propose that high levels of monitoring are not always in the best interests of minority shareholders. In family-owned companies the optimal level of board monitoring required by minority shareholders is expected to be lower than that of other companies. This is because the relative benefits and costs of monitoring are different in family-owned companies. Research Findings/Insights: At moderate levels of board monitoring, we find concave relationships between board monitoring variables and firm performance for family-owned companies but not for other companies. The optimal level of board monitoring for our sample of Asian family-owned companies equates to board independence of 38 per cent, separation of the chairman and CEO positions, and establishment of audit and remuneration committees. Additional testing shows that the optimal level of board monitoring is sensitive to the magnitude of the agency conflict between the family group and minority shareholders and the presence of substitute monitoring. Theoretical/Academic Implications: This study shows that the effect of additional monitoring on agency costs and firm performance differs across firms with different ownership structures. Practitioner/Policy Implications: For policymakers, the results show that more monitoring is not always in the best interests of minority shareholders. Therefore, it may be inappropriate for regulators to advise all companies to follow the same set of corporate governance guidelines. However, our results also indicate that the board governance practices of family-owned companies are still well below the identified optimal levels. [source] Financing Constraints, Ownership Control, and Cross-Border M&As: Evidence from Nine East Asian EconomiesCORPORATE GOVERNANCE, Issue 6 2009Yenn-Ru Chen ABSTRACT Manuscript Type: Empirical Research Question/Issue: This study distinguishes between the effects of financial constraint determinants on cross-border mergers and acquisitions (M&As) and domestic M&As for all takeover bids announced in nine East Asian economies from 1998 to 2005. Research Findings/Insights: The results of logistic regressions verify that the extent of stock market and governance developments improves corporate financing conditions and subsequently encourages cross-border M&As in East Asia. The results also indicate that, except for ownership control variables, the firm-specific factors of financing constraints reduce the occurrence of cross-border M&As relative to domestic M&As. Although family- and state-controlled firms have better access to external financing, they are reluctant to risk diluting their management control and thus prefer domestic M&As to cross-border deals. Theoretical/Academic Implications: This study enhances the empirical studies of the relation between financing constraints and corporate investments based on the market imperfection hypothesis of corporate finance theories. In addition, this study also addresses the interaction between the market imperfection hypothesis and agency theory in explaining the effects of special ownership control on cross-border M&As relative to domestic deals. Furthermore, by examining the research questions across nine East Asian economies, this study provides an understanding of how such a relation applies to firms in countries where information asymmetry is high. Practitioner/Policy Implications: The findings indicate the importance of corporate governance and verify the effects of unique organizational structures on major corporate decisions. Specifically, family-controlled firms are often free of the financing constraints inherent in investment decisions. Thus, it is necessary to consider such organizational uniqueness when explaining the financing behavior of cross-border M&As conducted by Asian firms. [source] Asian Corporate Governance or Corporate Governance in Asia?CORPORATE GOVERNANCE, Issue 4 2009Shaomin Li First page of article [source] The Effect of National Governance Codes on Firm Disclosure Practices: Evidence from Analyst Earnings ForecastsCORPORATE GOVERNANCE, Issue 6 2008John Nowland ABSTRACT Manuscript Type: Empirical Research Question: This study examines whether voluntary national governance codes have a significant effect on company disclosure practices. Two direct effects of the codes are expected: 1) an overall improvement in company disclosure practices, which is greater when the codes have a greater emphasis on disclosure; and 2) a leveling out of disclosure practices across companies (i.e., larger improvements in companies that were previously poorer disclosers) due to the codes new comply-or-explain requirements. The codes are also expected to have an indirect effect on disclosure practices through their effect on company governance practices. Research Findings/Results: The results show that the introduction of the codes in eight East Asian countries has been associated with lower analyst forecast error and a leveling out of disclosure practices across companies. The codes are also found to have an indirect effect on company disclosure practices through their effect on board independence. Practical Implications: This study shows that a regulatory approach to improving disclosure practices is not always necessary. Voluntary national governance codes are found to have both a significant direct effect and a significant indirect effect on company disclosure practices. In addition, the results indicate that analysts in Asia do react to changes in disclosure practices, so there is an incentive for small companies and family-owned companies to further improve their disclosure practices. [source] Earnings Management and Corporate Governance in Asia's Emerging MarketsCORPORATE GOVERNANCE, Issue 5 2007Chung-Hua Shen This paper studies the impacts of corporate governance on earnings management. We use firm-level governance data, taken from Credit Lyonnais Security Asia (CLSA), of nine Asian countries, in addition to the country-level governance data used in past studies. Our conclusion is as follows. First, firms with good corporate governance tend to conduct less earnings management. Second, there is a size effect for earnings smoothing, that is, large size firms are prone to conduct earnings smoothing, but good corporate governance can mitigate the effect on average. Third, there is a turning point for leverage effect, i.e. when the governance index is large, leverage effect exists, otherwise reverse leverage effect exists. It shows that a highly leveraged firm with poor governance is prone to be scrutinised closely and thus finds it harder to fool the market by manipulating earnings. Fourth, firms with higher growth (lower earnings yield) are prone to engage in earnings smoothing and earnings aggressiveness, but good corporate governance can mitigate the effect. Finally, firms in stronger anti-director rights countries tend to exhibit stronger earnings smoothing. This counter-intuitive result is different from Leuz et al. (2003). [source] Corporate Governance in ASEAN Financial Corporations: reality or illusion?CORPORATE GOVERNANCE, Issue 2 2007Wiparat Chuanrommanee According to Credit Lyonnais Securities Asia, Singapore has the best corporate governance practices in Asia. Malaysia has had the biggest improvements in governance overtime. Thailand lags behind both in achieving appropriate governance. This paper considers recent developments in corporate governance through the analysis of the corporate websites of financial corporations in these countries. The study finds that the corporate governance practices of Thai, Malaysian and Singaporean financial corporations are consistent with international best practices. Corporate governance as presented in company documents probably does not actually reflect real corporate governance practices. These practices do not have an impact on company performance. The level of corporate governance reported is also not consistent with the ratings from international financial institutions such as Credit Lyonnais Securities Asia and Standard & Poor's. These findings suggest that corporate governance in ASEAN is more illusion than fact. [source] Corporate governance and corporate social responsibility: issues for AsiaCORPORATE SOCIAL RESPONSIBILITY AND ENVIRONMENTAL MANAGEMENT, Issue 1 2007Richard Welford Abstract An increasingly important aspect of CSR is the recognition that sound practices are often based on good standards of corporate governance. Good corporate governance provides the foundations of good CSR by creating value-creating relationships with all stakeholders. This article seeks to review corporate governance issues from an Asian perspective. Ownership and control of many companies in the region differ from those commonly seen in the West and there are therefore specific issues that need to be addressed in this context. It is argued that the fact that so many Asian companies are dominated by controlling shareholders (often families) means that corporate governance may have to be even stronger in the Asian region than elsewhere. Copyright © 2007 John Wiley & Sons, Ltd and ERP Environment. [source] Corporate social responsibility in Asian supply chainsCORPORATE SOCIAL RESPONSIBILITY AND ENVIRONMENTAL MANAGEMENT, Issue 3 2006Richard Welford Abstract This research provides an overview of CSR practices in Asia, evaluates the usefulness of codes of conduct, reviews the benefits of CSR in supply chains and reviews obstacles for companies wishing to adopt good CSR practices. In order to achieve this, interviews were undertaken with CSR managers, factory managers and other experts, conducted in confidence and anonymously. Codes of conduct and associated inspections and audits are common practice but in most cases flawed. Labour issues and the rights of workers are generally seen as the most important aspect of CSR in the region. Benefits of CSR include risk reduction, staff recruitment and retention, cost savings and building good relationships with stakeholders. Obstacles include a lack of resources and skills, a lack of awareness of stakeholders' demands and inefficient production techniques. It is noted that larger firms are more able to overcome such obstacles, with clear adverse implications for smaller companies. Copyright © 2006 John Wiley & Sons, Ltd and ERP Environment. [source] ,Going out': the growth of Chinese foreign direct investment in Southeast Asia and its implications for corporate social responsibilityCORPORATE SOCIAL RESPONSIBILITY AND ENVIRONMENTAL MANAGEMENT, Issue 3 2005Stephen Frost Abstract Analysts have finally started to pay increasing attention to the rapidly rising levels of Chinese investment abroad. Deals such as Lenovo's purchase of IBM's PC production arm have sparked interest in a quiet revolution. The story now is not just about the flow of foreign investment in China, but also of the flow of China's investment into other countries. However, most interest so far has concentrated on big ticket investments in the West and the consequences for European and particularly US geopolitical interests. Of less concern thus far have been the implications of Chinese investment on corporate social responsibility. This paper is a preliminary assessment of the potential implications of Chinese investments: in particular, the effect on sanctions designed to improve human rights (with specific reference to Myanmar), and whether pressure can be maintained on foreign investors to comply with international standards and norms in the face of Chinese investment. Copyright © 2005 John Wiley & Sons, Ltd and ERP Environment. [source] Carbon dioxide emission trading, or not?CORPORATE SOCIAL RESPONSIBILITY AND ENVIRONMENTAL MANAGEMENT, Issue 4 2004An institutional analysis of company behaviour in Sweden The Kyoto Protocol opens up for market based solutions in climate change mitigation. A number of companies in Europe, North America and Asia have already practiced carbon dioxide emission trading. Sweden and Swedish companies have a tradition of being proactive in environmental policy and management. However, Swedish companies are acting reactively or even passively when it comes to emission trading. This paper aims to elucidate and explain the Swedish companies' behaviour on this matter. From our study, which focuses primarily on the energy and forestry sectors, it was found that companies are principally in favour of emission trading, but they have not developed initiatives for emission trading in practice. The study indicates that the institutional arrangements in which companies are situated do not encourage emission trading. Ambiguous government policies are claimed to prevent the companies from making long-term strategies on climate change mitigation in general and emission trading in particular. Copyright © 2004 John Wiley & Sons, Ltd and ERP Environment. [source] The Implementation of Innovation by a Multinational Operating in Two Different Environments: A Comparative StudyCREATIVITY AND INNOVATION MANAGEMENT, Issue 2 2002Mohamed Zain The aim of the paper is to examine the innovation initiatives and processes followed by two subsidiaries of a German multinational company operating in Europe and Asia and to compare the innovativeness of their operations in these two locations. The study examined the innovation processes followed by the two subsidiary firms operating in Germany and Malaysia, the actual problems faced by them, the critical success factors involved in the implementation, and the work climates of the firms. Interestingly, it was found that both firms followed similar innovation processes. Nevertheless, different types of problems and critical success factors were applicable to both firms. The results showed that the Malaysian subsidiary faced more behavioural problems while the German subsidiary encountered more technical problems. Further, the study showed that a lack of knowledge was the common problem faced equally by both firms. The study demonstrated that the German subsidiary had better working climate compared to its counterpart in Malaysia. Finally, the German subsidiary was found to be more innovation,active than the Malaysian subsidiary as it introduced more types of innovation, interacted with more types of entity in the external environment and introduced more types of training. [source] How NGOs React: Globalization and Education Reform in the Caucasus, Central Asia and Mongolia (Iveta Silova & Gita Steiner-Khamsi, eds., 2008)CURRICULUM INQUIRY, Issue 4 2008SARFAROZ NIYOZOV First page of article [source] | ||||||||||||||||||||||||||||||||||||||||