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Type: Journal article
Title: Post-Asian financial crisis reforms: an emerging new embedded-relational governance model
Author: Loftus, J.
Purcell, J.
Citation: Accounting, Business and Financial History, 2008; 18(3):335-355
Publisher: Routledge
Issue Date: 2008
ISSN: 0958-5206
Statement of
Janice A. Loftus and John A. Purcell
Abstract: The late 1980s and early 1990s saw rapid economic growth and subjugation of social policy and environmental concerns, as development was driven through the corporate and financial sectors in East and Southeast Asian economies, fuelled by free market reforms as societies edged towards neo-liberalism. The Asian financial crisis was the catalyst for the emergence of a new embedded-relational governance model, which emphasises the social and environmental dimensions of the welfare state, while relying on decentralised civil society initiatives and business self-regulation in implementing corporate social responsibility. This study focuses on corporate governance and financial system reforms introduced in the aftermath of the Asian financial crisis.
Keywords: corporate governance; corporate social responsibility; embedded-relational governance
Rights: © 2008 Taylor & Francis
RMID: 0020105506
DOI: 10.1080/09585200802383455
Appears in Collections:Business School publications

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