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Please use this identifier to cite or link to this item: http://hdl.handle.net/2344/739

タイトル: Corporate Governance in Indonesia: A Study on Governance of Business Groups
著者: Sato, Yuri
佐藤, 百合
キーワード: Corporate governance
Business group
Professional manager
Information asymmetry
Public listing
Issue Date: 2003
出版者: Institute of Southeast Asian Studies
引用: The Role of Governance in Asia. edited by Yasutami Shimomura. Singapore: Institute of Southeast Asian Studies, 2003 (Copyrighted in 2003 by Japan Institute of International Affairs and ASEAN Foundation). 88-136
抄録: This study deals with the issue of corporate governance in the case of Indonesian business groups. It examines what factors can be attributed to failures of corporate governance. Through case studies of six different types of business groups, it evidences that self-governance by owner-managers can function well if there is no other key stakeholder and no collusion with the government. When this is not the case, however, self-governance does not work, and governance by creditors or professional managers over owner-managers has limitations. For better corporate governance, there is a need not only for building internal governance mechanism of business groups, but also for strengthening external monitoring institutions including creditors, capital markets, the governmental as well as non-governmental systems.
URI: http://hdl.handle.net/2344/739
Appears in Collections:99.その他の雑誌/ Other title
01.経済、産業(Economy and Industry)/東南アジア(Southeast Asian Studies)

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