Best companies in Asia 2006: Managing change, delivering growth

Results   Euromoney Best Asian Company Methodology 2006

THE RISE OF Asia’s economies thus far has been principally a story of trade and manufacturing, with services becoming the key growth driver in the region’s more developed markets. Start a small import-export business or a factory making consumer goods in a country where the economic tide is rising rapidly and it is not too difficult to make money and grow. As savings pools and foreign exchange reserves expand, increased liquidity inflates asset prices, providing easy money for real estate speculators and stock traders.

Defining what constitutes a well-managed company in Asia, therefore, is not altogether straightforward: it depends how you measure it. With many companies in the region profiting from the asset inflation story, sound management practices and attention to protecting the interests of all shareholders through strong corporate governance principles often take a back seat. Research...