The Rise of the Corporate Economy in Southeast Asia [Hardcover]

The Rise of the Corporate Economy in Southeast Asiasurveys 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.

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  lc*