The Rise of the Corporate Economy in Southeast Asia surveys the growth of large corporations in Southeast Asia, focusing in particular on corporate organization, methods of finance, the business environment and corporate governance. It details the different phases of corporate and financial development, particularly liberalization and globalization from the mid-1980s, the 1997 crisis, and subsequent attempts at liberalization and the reform of corporate governance. Raj Brown considers the key themes of the rise of the Southeast Asian corporate economy, and illustrates the theoretical issues through deployment of carefully selected country-specific case studies from across the region.
An examination of critical subjects include:
- the variety of corporate forms found in Southeast Asia
- issues of ethnicity
- the concentration of ownership, particularly among families
- links between the state, the military, banks and corporations
- state-owned enterprises and forms of state control
- the role of foreign capital.
Providing a comprehensive analysis of the rise of the corporate economy in Southeast Asia, this study will be an important resource for students of the region and those concerned with theoretical issues of corporate governance.
Table of Contents
1. Introduction 2. Conglomerates in contemporary Indonesia: Concentration, Crisis and Restructuring 3. Irrational Exuberance: The Fatal Conceit of Financial Capitalism in Contemporary Indonesia 4. Indonesian Corporations, Cronyism and Corruption 5. Malaysian Banking: Organizational Control and Corporate Governance 6. Capital structure puzzle: the Hong Leong Group in Malaysia 7. Renong: Privatization Bliss and Globalization 8. The Emergence and Development of Singapore as an International/Regional Financial Centre 9. Dead Calm: State Entrepreneurship in Singapore: Prospects for Regional Economic Power 10. Thai Financial Institutions: Concentration, Crisis and Restructuring 11. The Power of Large Single Shareholding and Industrial Concentration in Thai Corporate Structure and Performance 12. Philippines Corporate and Financial Institutions: Straggling Continuity in an Erratic Environment 13. Lost in Translation: Reinterpreting the Corporate Order in South East Asia
Raj Brown is currently Reader in Business History at the School of Management of the Royal Holloway College London. She has previously held positions as Research Fellow at the School of Oriental and African Studies, and as Lecturer in Economic History at the London School of Economics. She is the author of The Indian Minority and Political Change in Malaya, 1945-1957 (1982), Capital and Entrepreneurship in South-East Asia (1994), and Chinese Big Business and the Wealth of Asian Nations (2000, and editor of the four volume Chinese Business Enterprise.