ABSTRACT
Firm development in emerging markets is intertwined with sustainability and the need for sustainable world development. The economic dimension of sustainability focuses on an increased return on investment, revenue and market share increases, lower costs, reduced risks. The ownership structure represents the distribution of equity with regard to votes and capital, but also to the identity of the equity owners. These structures are of major importance in corporate governance because they determine the incentives of managers and thereby the economic efficiency of the corporations they manage. The chapter explores the possible relationships between the different types of ownership structures and different types of corporate social responsibility (CSR) practices. By implementing numerous CSR practices, State-owned enterprises (SOE) are able to achieve better labor standards, environmental output reduction, and serve society as a whole. Ownership structure has been measured through a single nominal item offering a choice between the SOEs, stock, and private companies.
