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Citations for "Disentangling the Incentive and Entrenchment Effects of Large Shareholdings"

by Stijn Claessens & Simeon Djankov & Joseph P. H. Fan & Larry H. P. Lang

For a complete description of this item, click here.
Cited by (explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.):
  1. Jang, Hasung & Kang, Hyung-cheol & Park, Kyung Suh, 2005. "Determinants of Family Ownership: The Choice between Control and Performance," CEI Working Paper Series 2005-5, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
  2. Sabri Boubaker & Florence Labégorre, 2006. "L’environnement informationnel et la structure de propriété et de contrôle des sociétés cotées françaises," Revue Finance Contrôle Stratégie, Editions Economica, vol. 9(3), pages 5-38, September. [Downloadable!]
  3. Giannetti, Mariassunta & Simonov, Andrei, 2002. "Which Investors Fear Expropriation?," SIFR Research Report Series 10, Institute for Financial Research. [Downloadable!]
  4. Luis H. Gutiérrez & Carlos Pombo, 2005. "Valuación y gobierno corporativo: elementos de juicio de Colombia," RES Working Papers 3217, Inter-American Development Bank, Research Department. [Downloadable!]
  5. Dante Mendes Aldrighi & Alessandro Vinicius Marques de Oliveira, 2006. "Ownership And Control Structures And Performance Of Firms In Brazil," Anais do XXXIV Encontro Nacional de Economia [Proceedings of the 34th Brazilian Economics Meeting] 61, ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics]. [Downloadable!]
  6. Luis H. Gutiérrez & Carlos Pombo, 2005. "Corporate Valuation and Governance: Evidence from Colombia," RES Working Papers 3216, Inter-American Development Bank, Research Department. [Downloadable!]
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  7. Wolfgang Eggert & Alfons Weichenrieder & Jeremy S.S. Edwards, 2006. "The Measurement of Firm Ownership and its Effect on Managerial Pay," Working Papers 1, University of Paderborn, CIE Center for International Economics. [Downloadable!]
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  8. Joseph P. H. Fan & T.J. Wong, 2001. "Do External Auditors Perform a Corporate Governance Role in Emerging Markets? Evidence from East Asia," William Davidson Institute Working Papers Series 400, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]
  9. Art A. Durnev & Amrita S. Nain, 2004. "The Unanticipated Effects of Insider Trading Regulation," William Davidson Institute Working Papers Series 2004-695, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]
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  10. Albuquerque, Rui & Wang, Neng, 2005. "Agency Conflicts, Investment and Asset Pricing," CEPR Discussion Papers 4955, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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  11. Jörn Hendrich Block, 2008. "Are CEOs in Family Firms Paid Like Bureaucrats? Evidence from Bayesian and Frequentist Analyses," SFB 649 Discussion Papers SFB649DP2008-033, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany. [Downloadable!]
  12. José Guedes & Gilberto Loureiro, 2006. "Estimating the expropriation of minority shareholders: Results from a new empirical approach," European Journal of Finance, Taylor and Francis Journals, vol. 12(5), pages 421-448, July. [Downloadable!] (restricted)
  13. Emilio Barucci & Carlo Bianchi & Mirko Frediani, 2006. "CEO Turnover in the Italian Financial Market," Giornale degli Economisti, GDE (Giornale degli Economisti e Annali di Economia), Bocconi University, vol. 65(2), pages 127-154, November. [Downloadable!]
  14. Jara-Bertin, Mauricio & López-Iturriaga, Félix J., 2008. "Earnings Management and Contest to the Control: An Analysis of European Family Firms," MPRA Paper 9660, University Library of Munich, Germany. [Downloadable!]
  15. Burcin Yurtoglu, 2003. "Corporate Governance and Implications for Minority Shareholders in Turkey," Working Papers 2003/7, Turkish Economic Association. [Downloadable!]
  16. Ricardo Leal & André Carvalhal-da-Silva, 2005. "Conducción y valor empresarial en Brasil (y Chile)," RES Working Papers 3209, Inter-American Development Bank, Research Department. [Downloadable!]
  17. Bernardo Bortolotti & Mara Faccio, 2004. "Reluctant Privatization," Working Papers 2004.130, Fondazione Eni Enrico Mattei. [Downloadable!]
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  18. Carlos Pombo & Luis H. Gutiérrez, 2007. "Corporate Governance and Firm Valuation in Colombia," RES Working Papers 4470, Inter-American Development Bank, Research Department. [Downloadable!]
  19. Bjuggren, Per-Olof & Palmberg, Johanna, 2008. "Swedish Listed Family Firms and Entrepreneurial Spirit," Working Paper Series in Economics and Institutions of Innovation 147, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies. [Downloadable!]
  20. Berkman, Henk & Cole, Rebel & Fu, Lawrence, 2008. "Political connections and minority-shareholder protection: Evidence from securities-market regulation in China," MPRA Paper 8087, University Library of Munich, Germany. [Downloadable!]
  21. Woochan Kim & Taeyoon Sung & Shang-Jin Wei, 2008. "How Does Corporate Governance Risk at Home Affect Investment Choices Abroad?," NBER Working Papers 13721, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  22. Yener Altunbaş & Alper Kara & Adrian van Rixtel, 2007. "Corporate governance and corporate ownership: The investment behaviour of Japanese institutional investors," Banco de España Occasional Papers 0703, Banco de España. [Downloadable!]
  23. Campbell R. Harvey & Karl V. Lins & Andrew H. Roper, 2001. "The Effect of Capital Structure When Expected Agency Costs are Extreme," NBER Working Papers 8452, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  24. Randall K. Morck & Lloyd Steier, 2005. "The Global History of Corporate Governance: An Introduction," NBER Working Papers 11062, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  25. Christian Leuz & Karl V. Lins & Francis E. Warnock, 2006. "Do Foreigners Invest Less in Poorly Governed Firms?," NBER Working Papers 12222, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  26. Susan Perkins & Randall Morck & Bernard Yeung, 2008. "Innocents Abroad: The Hazards of International Joint Ventures with Pyramidal Group Firms," NBER Working Papers 13914, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  27. Allen, Franklin & Chakrabarti, Rajesh & De, Sankar & Qian, Jun & Qian, Meijun, 2006. "Financing firms in India," Policy Research Working Paper Series 3975, The World Bank. [Downloadable!]
  28. Nigel Driffield & Vidya Mahambare & Sarmistha Pal, 2005. "How Ownership Structure Affects Capital Structure and Firm Performance? Recent Evidence from East Asia," Finance 0505010, EconWPA. [Downloadable!]
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  29. Takao Kato & Woochan Kim & Ju Ho Lee, 2005. "Executive Compensation, Firm Performance, and Chaebols in Korea: Evidence from New Panel Data," IZA Discussion Papers 1783, Institute for the Study of Labor (IZA). [Downloadable!]
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  30. John S. Earle & Csaba Kucsera & Almos Telegdy, 2003. "Ownership Concentration and Corporate Performance on the Budapest Stock Exchange: Do Too Many Cooks Spoil the Goulash?," Staff Working Papers 03-93, W.E. Upjohn Institute for Employment Research. [Downloadable!] (restricted)
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  31. Durnev, Art & Kim, E. Han, 2004. "To Steal or Not to Steal: Firm Attributes, Legal Environment, and Valuation," CEI Working Paper Series 2004-7, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
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  32. Chi, Wei & Wang, Yijiang, 2007. "Ownership, Performance and Executive Turnover," MPRA Paper 15301, University Library of Munich, Germany, revised Apr 2009. [Downloadable!]
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  33. Claessens, Stijn & Fan, Joseph P.H. & Lang, Larry, 2002. "The Benefits and Costs of Group Affiliation: Evidence from East Asia," CEPR Discussion Papers 3364, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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  34. Yeh, Yin-Hua & Woidtke, Tracie, 2004. "Commitment or Entrenchment?: Controlling Shareholders and Board Composition," CEI Working Paper Series 2004-8, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
  35. Bunkanwanicha, Pramuan & Gupta, Jyoti & Wiwattanakantang, Yupana, 2006. "Pyramiding of Family-owned Banks in Emerging Markets," CEI Working Paper Series 2006-4, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
  36. Ugur Lel & Darius P. Miller, 2006. "International cross-listing, firm performance and top management turnover: a test of the bonding hypothesis," International Finance Discussion Papers 877, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
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  37. Driffield, Nigel & Pal, Sarmistha, 2008. "Evolution of Capital Structure in East Asia: Corporate Inertia or Endeavours?," IZA Discussion Papers 3426, Institute for the Study of Labor (IZA). [Downloadable!]
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  38. Nigel Driffield & Vidya Mahambare & Sarmistha Pal, 2006. "How Does Ownership Structure Affect Capital Structure and Firm Performance? Recent Evidence from East Asia," Economics and Finance Discussion Papers 06-23, Economics and Finance Section, School of Social Sciences, Brunel University. [Downloadable!]
  39. Yin-Hua Yeh & Tsun-Siou Lee & Pei-Gi Shu, 2008. "The Agency Problems Embedded in Firm’s Equity Investment," Journal of Business Ethics, Springer, vol. 79(1), pages 151-166, April. [Downloadable!] (restricted)
  40. Fan, Joseph P.H. & Wong, T.J., 2001. "Corporate Ownership Structure and the Informativeness of Accounting Earnings in East Asia," CEI Working Paper Series 2001-21, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
  41. Art Durnev & E. Han Kim, 2003. "Corporate Stability and Economic Growth," William Davidson Institute Working Papers Series 554, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]
  42. Doidge, Craig & Karolyi, G. Andrew & Lins, Karl V. & Millers, Darius P. & Stulz, Rene M., 2005. "Private Benefits of Control, Ownership, and the Cross-Listing Decision," Working Paper Series 2005-2, Ohio State University, Charles A. Dice Center for Research in Financial Economics. [Downloadable!]
  43. Nigel Driffield & Sarmistha Pal, 2007. "How Does Ownership Structure Affect Capital Structure and Firm Value? Recent Evidence from East Asia," CEDI Discussion Paper Series 07-04, Centre for Economic Development and Institutions(CEDI), Brunel University. [Downloadable!]
  44. Coles, Jeffrey & Lemmon, Michael & Meschke, Felix, 2007. "Structural Models and Endogeneity in Corporate Finance: the Link Between Managerial Ownership and Corporate Performance," MPRA Paper 4374, University Library of Munich, Germany, revised 15 Feb 2007. [Downloadable!]
  45. Saibal Ghosh, 2007. "Bank monitoring, managerial ownership and Tobin's Q: an empirical analysis for India," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 28(2), pages 129-143. [Downloadable!]
  46. Kin-Wai Lee, 2007. "Corporate voluntary disclosure and the separation of cash flow rights from control rights," Review of Quantitative Finance and Accounting, Springer, vol. 28(4), pages 393-416, May. [Downloadable!] (restricted)
  47. Giannetti, Mariassunta & Simonov, Andrei, 2003. "Which Investors Fear Expropriation? Evidence from Investors' Stock Picking," CEPR Discussion Papers 3843, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
  48. Jochem, Axel, 2008. "International financial competitiveness and incentives to foreign direct investment," Discussion Paper Series 1: Economic Studies 2008,29, Deutsche Bundesbank, Research Centre. [Downloadable!]
  49. Gozzi, Juan Carlos & Levine, Ross & Schmukler, Sergio L., 2006. "Internationalization and the evolution of corporate valuation," Policy Research Working Paper Series 3933, The World Bank. [Downloadable!]
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  50. Jeremy Edwards & Alfons Weichenrieder, 2004. "How Weak is the Weakest-Link Principle? On the Measurement of Firm Owners’ Control Rights," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
  51. Carlos Pombo & Luis H. Gutiérrez, 2007. "Gestión empresarial y valuación de empresas en Colombia," RES Working Papers 4471, Inter-American Development Bank, Research Department. [Downloadable!]
  52. Ariane Chapelle & Ariane Szafarz, 2005. "Controlling Firms through the Majority Voting Rule," Working Papers DULBEA 05-05.RS, Université libre de Bruxelles, Department of Applied Economics (DULBEA). [Downloadable!]
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  53. Mayur, Manas & Kumar, Manoj & Mahakud, Jitendra, 2007. "Relationship between the Changes in Ownership and Performance of Indian Firms around IPO: A Panel Data Analysis," MPRA Paper 6192, University Library of Munich, Germany. [Downloadable!]
  54. Joseph P. Hughes & Choon-Geol Moon, 2004. "Estimating managers' utility-maximizing demand for agency goods," Proceedings, Federal Reserve Bank of Chicago, issue May, pages 320-352. [Downloadable!]
  55. Desai, Sameeksha & Eklund, Johan E., 2008. "Ownership, Economic Entrenchment and Allocation of Capital," Ratio Working Papers 120, The Ratio Institute. [Downloadable!]
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  56. Kuang, Flora Yu & Qin, Bo, 2006. "Performance-vested stock options and pay-performance sensitivity," Discussion Paper 123, Tilburg University, Center for Economic Research. [Downloadable!]
  57. Wen-Hsien Tsai & Yi-Chen Kuo & Jung-Hua Hung, 2009. "Corporate diversification and CEO turnover in family businesses: self-entrenchment or risk reduction?," Small Business Economics, Springer, vol. 32(1), pages 57-76, January. [Downloadable!] (restricted)
  58. Chisari, Omar O. & Ferro, Gustavo, 2009. "Gobierno Corporativo: los problemas, estado actual de la discusión y un ejercicio de medición para Argentina
    [Corporate Governance: the problems, the current stage of the discussion and a measure    ," MPRA Paper 15630, University Library of Munich, Germany. [Downloadable!]
  59. Edwards, Jeremy S S & Weichenrieder, Alfons J, 2009. "Control Rights, Pyramids, and the Measurement of Ownership Concentration," MPRA Paper 13830, University Library of Munich, Germany. [Downloadable!]
  60. Anete Pajuste, 2005. "Determinants and consequences of the unification of dual-class shares," Working Paper Series 465, European Central Bank. [Downloadable!]
  61. Andrew Ellul & Levent Guntay & Ugur Lel, 2007. "External governance and debt agency costs of family firms," International Finance Discussion Papers 908, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
  62. Jeremy Edwards & Wolfgang Eggert & Alfons Weichenrieder, 2009. "Corporate governance and pay for performance: evidence from Germany," Economics of Governance, Springer, vol. 10(1), pages 1-26, January. [Downloadable!] (restricted)
  63. James B. Ang, 2008. "Finance And Inequality: The Case Of India," CAMA Working Papers 2008-18, Australian National University, Centre for Applied Macroeconomic Analysis. [Downloadable!]
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  64. Sanghoon Lee, 2008. "Ownership Structure and Financial Performance: Evidence from Panel Data of South Korea," Working Paper Series, Department of Economics, University of Utah 2008_17, University of Utah, Department of Economics. [Downloadable!]
  65. Paul A. Gompers & Joy Ishii & Andrew Metrick, 2004. "Incentives vs. Control: An Analysis of U.S. Dual-Class Companies," NBER Working Papers 10240, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  66. Heitor Almeida & Daniel Wolfenzon, 2005. "A Theory of Pyramidal Ownership and Family Business Groups," NBER Working Papers 11368, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  67. Ricardo Leal & André Carvalhal-da-Silva, 2005. "Corporate Governance and Value in Brazil (and in Chile)," RES Working Papers 3208, Inter-American Development Bank, Research Department. [Downloadable!]
  68. Doidge, Craig & Karolyi, G. Andrew & Lins, Karl V. & Miller, Darius & Stulz, Rene M., 2005. "Private Benefits of Control, Ownership, and the Cross-Listing Decision," Working Papers 05-1, University of Pennsylvania, Wharton School, Weiss Center. [Downloadable!]
  69. Faccio, Mara & Parsley, Davie, 2007. "Sudden Deaths: Taking Stock of Geographic Ties," MPRA Paper 6042, University Library of Munich, Germany. [Downloadable!]
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  70. Trond Randøy & Clay Dibrell & Justin Craig, 2009. "Founding family leadership and industry profitability," Small Business Economics, Springer, vol. 32(4), pages 397-407, April. [Downloadable!] (restricted)
  71. Jörn Hendrich Block, 2008. "Family Management, Family Ownership and Downsizing: Evidence from S&P 500 Firms," SFB 649 Discussion Papers SFB649DP2008-023, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany. [Downloadable!]
  72. John Nowland, 2008. "Are East Asian Companies Benefiting from Western Board Practices?," Journal of Business Ethics, Springer, vol. 79(1), pages 133-150, April. [Downloadable!] (restricted)
  73. Ross Levine & Luc Laeven, 2007. "Complex Ownership Structures and Corporate Valuations," IMF Working Papers 07/140, International Monetary Fund. [Downloadable!]
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  74. Karl V. Lins & Francis E. Warnock, 2004. "Corporate governance and the shareholder base," International Finance Discussion Papers 816, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
  75. Marianne Bertrand & Simon Johnson & Krislert Samphantharak & Antoinette Schoar, 2008. "Mixing Family With Business: A Study of Thai Business Groups and the Families Behind Them," NBER Working Papers 13738, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  76. Yohanes E. Riyanto & Linda A. Toolsema, 2004. "Tunneling and Propping: A Justification for Pyramidal Ownership," Econometric Society 2004 Far Eastern Meetings 639, Econometric Society. [Downloadable!]
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  77. Chaur-Shiuh Young & Liu-Ching Tsai & Hui-Wen Hsu, 2008. "The effect of controlling shareholders’ excess board seats control on financial restatements: evidence from Taiwan," Review of Quantitative Finance and Accounting, Springer, vol. 30(3), pages 297-314, April. [Downloadable!] (restricted)
  78. Claessens, Stijn & Djankov, Simeon & Klapper, Leora, 1999. "Resolution of corporate distress - evidence from East Asia's financial crisis," Policy Research Working Paper Series 2133, The World Bank. [Downloadable!]
  79. Morck, Randall & Yeung, Bernard, 2004. "Special issues relating to corporate governance and family control," Policy Research Working Paper Series 3406, The World Bank. [Downloadable!]
  80. Heitor Almeida & Sang Yong Park & Marti Subrahmanyam & Daniel Wolfenzon, 2009. "The Structure and Formation of Business Groups: Evidence from Korean Chaebols," NBER Working Papers 14983, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  81. Yan-leung Cheung & P. Raghavendra Rau & Aris Stouraitis, 2004. "Tunneling, Propping and Expropriation Evidence from Connected arty Transactions in Hong Kong," Working Papers 092004, Hong Kong Institute for Monetary Research. [Downloadable!]
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  82. Yi Zhang & Xi Li, 2006. "Ownership Structure and Corporate Diversification," Business and Politics, Berkeley Electronic Press, vol. 8(1). [Downloadable!]
  83. Michael R. King & Dan Segal, 2006. "The Long-Term Effects of Cross-Listing Investor Recognition, and Ownership Structure on Valuation," Working Papers 06-44, Bank of Canada. [Downloadable!]
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  84. Charumilind, Chutatong & Kali, Raja & Wiwattanakantang, Yupana, 2003. "Connected Lending: Thailand before the Financial Crisis," CEI Working Paper Series 2003-19, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
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  85. Bennedsen, Morten & Meisner, Kasper, Nielsen, 2006. "The Principle of Proportionality," Working Papers 22-2005, Copenhagen Business School, Department of Economics. [Downloadable!]
  86. Craig Doidge & G. Andrew Karolyi & Karl V. Lins & Darius P. Miller & Rene M. Stulz, 2005. "Private Benefits of Control, Ownership, and the Cross-Listing Decision," NBER Working Papers 11162, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  87. George, R. & Kabir, M.R. & Douma, S., 2004. "Business groups and profit redistribution : a boon or bane for firms," Discussion Paper 124, Tilburg University, Center for Economic Research. [Downloadable!]
  88. Lloyd Steier, 2009. "Familial capitalism in global institutional contexts: Implications for corporate governance and entrepreneurship in East Asia," Asia Pacific Journal of Management, Springer, vol. 26(3), pages 513-535, September. [Downloadable!] (restricted)
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This page was last updated on 2010-1-3.

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