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Contrasting the evolution of corporate governance models: A study of banking in Hong Kong

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  • Victor Zheng
  • Tsai-man Ho

Abstract

The sub-prime mortgage crisis, the bankruptcies of important US banks, and many originally family controlled enterprises coming under non-family, CEO-type leadership during the 2008 global credit crunch led many people to rethink the relationship between risk management and family businesses. One of the foci was on the doctrine of separation of ownership. This paper attempts to compare and examine the evolution of corporate governance in the banking business in Hong Kong by using two key financial institutions based there. By contrasting the evolution of corporate governance, management style and pattern of succession, we can see that although they developed under the same business environment and legal framework, the East-West business culture and ideology led them to choose different ownership structures and ways of succession, which ultimately determined their different developmental trajectories.

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  • Victor Zheng & Tsai-man Ho, 2012. "Contrasting the evolution of corporate governance models: A study of banking in Hong Kong," Asia Pacific Business Review, Taylor & Francis Journals, vol. 18(3), pages 407-423, July.
    • Handle: RePEc:taf:apbizr:v:18:y:2012:i:3:p:407-423
    DOI: 10.1080/13602381.2011.626156
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    Cited by:

    1. Waldkirch, Matthias, 2020. "Non-family CEOs in family firms: Spotting gaps and challenging assumptions for a future research agenda," Journal of Family Business Strategy, Elsevier, vol. 11(1).

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