Corporate Social and Environmental Disclosure in Emerging Securties Markets

Li-Wen Lin, Columbia University

Abstract

Most of the existing legal scholarship on corporate social and environmental disclosure focuses on developed markets. Little attention has been paid to emerging markets. The purpose of this Article is to fill this void. Corporate social and environmental disclosure is now growing in many emerging markets and relevant regulatory measures are taking shape in some emerging markets. This Article examines the regulatory development in emerging markets including South Africa, Malaysia, China, Taiwan, and Thailand and compares the regulatory patterns in these markets. It also considers the challenges of different regulatory approaches in the institutional environments of emerging markets and gives recommendations.