Corporate governance and MNE strategies in emerging economies

Sumon Bhaumik, Nigel Driffield, Ajai Gaur, Tomasz Mickiewicz, Paul Vaaler

Research output: Contribution to journalArticlepeer-review


We explore factors of convergence and divergence in corporate governance of emerging and developed market economies, focussing on the role of firm internationalisation. In particular, foreign investments by emerging economy firms led to upgrade of their governance capabilities. These firms also became advocates for home-country policy reforms that mandated the development of similar capabilities for local firms. We present a broad overview of the literature and propose an approach that considers the evolution of corporate governance, both at the national level and the firm level, with MNEs from both emerging market economies and developed economies as active actors in this process.
Original languageEnglish
Pages (from-to)234-243
Number of pages10
JournalJournal of World Business
Issue number4
Early online date9 Apr 2019
Publication statusPublished - 1 Jun 2019

Bibliographical note

© 2019, Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International


  • Convergence
  • Corporate governance
  • Emerging economies
  • MNE strategy


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