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- Title
CORPORATE GOVERNANCE IN LEBANON: AN EMPIRICAL INVESTIGATION.
- Abstract
The article analyzes the state of corporate governance in Lebanon. Markets play a major role as a control mechanism in promoting effective corporate governance. The market's disciplining function is secured primarily through promoting effective competition. Competition places pressure on corporations through the product, financial and investment markets to seek out and implement competitive practices and strategies focused on operational efficiency and on promoting accountability and transparency in business decisions. But Lebanon, similar to other developing countries, lacks the business environment that fosters effective competition.
- Subjects
LEBANON; CORPORATE governance; MARKETS; ECONOMIC competition; CORPORATIONS; LEBANESE economy
- Publication
Corporate Ownership & Control, 2005, Vol 2, Issue 3, p51
- ISSN
1727-9232
- Publication type
Article