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Issue 5(1), October 2010 -- Paper Abstracts
Girard  (p. 9-22)
Cooper (p. 23-32)
Kunz-Osborne (p. 33-41)
Coulmas-Law (p.42-46)
Stasio (p. 47-56)
Albert-Valette-Florence (p.57-63)
Zhang-Rauch (p. 64-70)
Alam-Yasin (p. 71-78)
Mattare-Monahan-Shah (p. 79-94)
Nonis-Hudson-Hunt (p. 95-106)



JOURNAL OF APPLIED BUSINESS AND ECONOMICS

Functional Convergence In Emerging Market Firms

Author(s): Luisa F. Melo

Citation: Luisa F. Melo, (2017) "Functional Convergence In Emerging Market Firms," Journal of Applied Business and Economics, Vol. 19, Iss.3,  pp. 64-82

Article Type: Research paper

Publisher: North American Business Press

Abstract:

Functional convergence is the ability of firms to adopt best practices of corporate governance, independently of home country. This study demonstrates firm-level changes in board practices of large emerging market firms (EMNEs) despite controlling ownership structures, and provides insights on the relationships between practices and ownership. A uniquely constructed cross-sectional dataset includes 81 Global 500 EMNEs, representing 14 countries. Convergence is evaluated using regression for individual board practices, and through an Index of Functional Convergence to Anglo-Saxon standards (IFCAS). The Index operationalizes wholesale, rather than individual adoption of practices, as a continuous rather than dichotomous process.