Change and continuity in corporate governance structure of public-listed firms in Singapore.
Chiang, Jackson Yong Cai.
Low, Hong Liang.
Chua, Alan Kim Huat.
Date of Issue2007
College of Business (Nanyang Business School)
The debate of convergence and divergence in corporate governance (CG) has led to many studies in Japan and Europe. However, systematic studies on CG in Asian newly industrialized countries, including Singapore, are scanty. We have short-listed a sample of 190 public-listed firms in Singapore to examine the change and continuity in CG structure. Drawing from our findings, we argue that public-listed firms in Singapore neither converged nor diverged. Instead, they decouple from the Singapore CG Code and tailor to fit their own context. In addition, firms display a general pattern of “form over substance”. However, government-linked corporations (GLCs) are more likely to comply with the CG Code more than non-GLCs, reflecting a difference due to the nature of ownership.
Final Year Project (FYP)
Nanyang Technological University