This paper draws on two recently proposed political economy models to explain corporate governance realities in Bangladesh. The 'voting model' and the 'interest group politics model' are tested using survey data as well as interviews to determine whether the macro-level assumptions of these models can explain firm level governance dynamism. The paper is organized as follows. Section 2 describes the methodology of the study, followed by a summary of the survey results. Section 4 analyses the findings from the perspective of the voting and interest group politics models, while section 5 concludes the paper.
Manchester, UK, CRC Working Paper, No. 127, 29 pp.