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Independent directors in Asian firms: An integrative review and future directions

Author

Listed:
  • Wei Wei

    (Beijng Jiaotong University)

  • Ryan W. Tang

    (University of South Australia)

  • Jing Yu Yang

    (University of Sydney)

Abstract

Asian firms started to adopt independent directors (InDs) to boards only in the late 1990s after the Asian financial crisis. Despite its relatively short history, Asian firms’ practice of appointing InDs has yielded interesting research findings that may shed new light on the corporate governance literature and management research. However, the literature on InDs in Asian firms has been presented in a piecemeal fashion, which calls for researchers to review and synthesize the disparate findings and identify paths for future research. In this review paper, we identify and systematically analyze 65 articles related to InDs in the Asian context that were published in 21 leading academic journals from 2001 to 2016. Based on this analysis, we developed a framework with four links to map out the Asian InDs-related literature. We also discuss the limitation of the existing research and suggest future research direction on InDs in Asia.

Suggested Citation

  • Wei Wei & Ryan W. Tang & Jing Yu Yang, 2018. "Independent directors in Asian firms: An integrative review and future directions," Asia Pacific Journal of Management, Springer, vol. 35(3), pages 671-696, September.
    • Handle: RePEc:kap:asiapa:v:35:y:2018:i:3:d:10.1007_s10490-017-9553-9
    DOI: 10.1007/s10490-017-9553-9
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    Cited by:

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    7. Schmid, Stefan & Roedder, Felix, 2021. "Gaijin invasion? A resource dependence perspective on foreign ownership and foreign directors," International Business Review, Elsevier, vol. 30(6).
    8. Wei Wei & Yulia Muratova, 2022. "Executive power and politically connected independent directors: evidence from China," Asian Business & Management, Palgrave Macmillan, vol. 21(1), pages 1-24, February.
    9. Min, Byung-Seong & Chen, Chien-Nan & Tien, Chengli, 2022. "Firms' responses to corporate governance reform in an emerging economy from the perspective of institutional logics," Journal of Business Research, Elsevier, vol. 147(C), pages 278-289.
    10. Sujata Banerjee & Alessandro Zattoni & Abrarali Saiyed, 2023. "Dominant-owner CEOs, board of directors and firm performance in emerging economies: Exploring the moderating impact of quad-qualified directors," Asia Pacific Journal of Management, Springer, vol. 40(4), pages 1607-1642, December.
    11. Lei Yu & Daojuan Wang & Qi Wang, 2018. "The Effect of Independent Director Reputation Incentives on Corporate Social Responsibility: Evidence from China," Sustainability, MDPI, vol. 10(9), pages 1-15, September.
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