Redefining EM: governance regimes are the key distinction – FT.com

Instead of the existing division between emerging and developed markets, we suggest that investors focus their analysis on the sovereign and governance characteristics of individual countries and markets using a framework based on six types of governance regimes as a starting point.
The Ecstrat categorisation of governance regimes is based on the impact of the prevailing system of control within the listed corporate sector together with the broader balance of social, political and financial forces, on the interests of minority shareholders.

Our methodology to determine the dominant governance regime in each market augments the existing academic literature on the varieties of capitalism with a detailed examination of a series of quantitative and qualitative criteria from the perspective of a minority equity investor.

via Redefining EM: governance regimes are the key distinction – FT.com.

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