Open Access. Powered by Scholars. Published by Universities.®
Social and Behavioral Sciences Commons™
Open Access. Powered by Scholars. Published by Universities.®
- Keyword
-
- Investment (2)
- Accountability (1)
- Anti-corruption - Articles (1)
- Competition act (1)
- Competition law (1)
-
- Corporate Social Responsibility (1)
- Corporate social responsibility (1)
- Critique (1)
- Csr (1)
- Economic analysis (1)
- Financial Services Development Council (1)
- Financial sector (1)
- Hong Kong (1)
- Malaysia (1)
- Photovoltaic (1)
- Public Sector (1)
- Securitization (1)
- Solar energy (1)
- Stakeholder boards (1)
- Transparency (1)
Articles 1 - 4 of 4
Full-Text Articles in Social and Behavioral Sciences
What Role Can An International Financial Centre’S Law Play In The Development Of A Sunrise Industry? The Case Of Hong Kong And Solar Powered Investments, Bryane Michael
Bryane Michael (bryane.michael@stcatz.ox.ac.uk)
How can international financial centres like Hong Kong increase assets under management – and thus their size and ranking? Most policymakers and their advisors wrongly answer this question by focusing on financial institutions, and the law that governs them. Instead, policymakers need to start by looking at actual markets. What new tastes and technologies need funding? How can such funding fit into already existing geographies of production, distribution and finance? In this paper, we show how a focus on funding sunrise industries can help increase assets under management for the financial institutions operating in an international financial centre like Hong …
The Cost Of Antitrust Law To Malaysia’S Financial Services Sector, Bryane Michael, Mark Williams, Susila Munisamy
The Cost Of Antitrust Law To Malaysia’S Financial Services Sector, Bryane Michael, Mark Williams, Susila Munisamy
Bryane Michael (bryane.michael@stcatz.ox.ac.uk)
Judging by only economic incentives, Malaysian financial institutions (particularly banks) should completely ignore the Competition Act. The data show that Malaysian banks probably benefit from anticompetitive behaviour. Political and family connections likely facilitate such behaviour. Given that the Malaysian Competition Commission will likely lack the resources to investigate and sanction anti-competitive behaviour in Malaysia’s banking industry – the banks’ best response to the Act probably consists of ignoring it. Maximum fines of 10 million ringgit and revenue-tied penalties of only 10% of worldwide revenue mean that banks still have strong incentives to engage in anticompetitive behaviour and to pay any …
Designing Stakeholder Boards In Developing Countries, Bryane Michael
Designing Stakeholder Boards In Developing Countries, Bryane Michael
Bryane Michael (bryane.michael@stcatz.ox.ac.uk)
This short article describes the prospects and pitfalls of using stakeholder boards -- particularly with references to companies incorporated in third-world countries. This article appeared in Governance Magazine (UK) and derives from a paper presented at the World Council for Corporate Governance.
Questioning Public Sector Accountability, Bryane Michael
Questioning Public Sector Accountability, Bryane Michael
Bryane Michael (bryane.michael@stcatz.ox.ac.uk)
The rise of accountability seems to unambiguously promote more responsible, effective and participatory public sector action. However, the benefits of accountability are less ambiguous than they appear. Activities aimed at increasing accountability generally proliferate as they gain importance – making monitoring an end in itself at both the national and international levels. While there are economic and institutional explanations for the rise of accountability, these fail to explain the political nature of the rise of accountability. Such politics may include negotiations over power, organisational boundaries, image, social value or moral values. If such negotiations imply that some of the value …