Publication Type
Journal Article
Version
acceptedVersion
Publication Date
4-2015
Abstract
We examine how Anglo-American capital market logic penetrated into Singapore where relational logic tends to guide business activities and illustrate how domestic banks reacted to this imported logic in the corporate governance field. We argue that the banks’ ability to accommodate competing logics was enhanced by state agencies’ willingness to modify Anglo-American standards to fit the local context. Given the resulting institutional ambiguities in rules, local banks, while incorporating higher outside representation on their boards, reinterpreted the meaning of independence and emphasized the resource provision role rather than the monitoring function of outside directors. The resultant institutional change has been gradual.
Keywords
institutionalism, institutional change, institutional conversion, corporate governance, board of directors, qualitative study
Discipline
Asian Studies | Finance and Financial Management | Organizational Behavior and Theory | Strategic Management Policy
Research Areas
Strategy and Organisation
Publication
Asian Business and Management
Volume
14
Issue
2
First Page
91
Last Page
115
ISSN
1472-4782
Identifier
10.1057/abm.2015.1
Publisher
Palgave Macmillan
Citation
Tsui-Auch, Lai Si and YOSHIKAWA, Toru.
Institutional change versus resilience: A study of an incorporation of independent directors in Singapore banks. (2015). Asian Business and Management. 14, (2), 91-115.
Available at: https://ink.library.smu.edu.sg/lkcsb_research/4346
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Additional URL
https://doi.org/10.1057/abm.2015.1
Included in
Asian Studies Commons, Finance and Financial Management Commons, Organizational Behavior and Theory Commons, Strategic Management Policy Commons