Miko Kamal and Mia Mahmudur Rahim (Macquarie University – Macquarie Law School) have posted Changes in the Corporate Governance Patterns in Developing Countries: Guesses on Ideological Imbalance on SSRN. Here is the abstract:
The
pattern of a nation’s corporate governance is not a matter of injection
rather it is a matter of quiet harmony of complex international and
ongoing national forces. Following this notion this article extends to
figure out the possibilities of disharmonious relationship between the
basics of national and corporate governance pattern due to the
ideological imbalances. By putting Indonesia as an instance, it finds
that the newly injected corporate governance pattern is not performing
as it was desired and one of the reasons behind this ill performance is
the incompatibility of Indonesia’s economic ideology with the
neo-liberal notion of corporate governance.