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Citations for "Ferreting Out Tunneling: An Application to Indian Business Groups"

by Marianne Bertrand & Paras Mehta & Sendhil Mullainathan

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  1. Xavier Boutin & Giacinta Cestone & Chiara Fumagalli & Giovanni Pica & Nicolas Serrano-Velarde, 2009. "The Deep-Pocket Effect of Internal Capital Markets," Working Papers, Fondazione Eni Enrico Mattei 2009.108, Fondazione Eni Enrico Mattei.
  2. Goldberg, Pinelopi Koujianou & Khandelwal, Amit & Pavcnik, Nina & Topalova, Petia, 2008. "Multi-product Firms and Product Turnover in the Developing World: Evidence from India," CEPR Discussion Papers, C.E.P.R. Discussion Papers 6881, C.E.P.R. Discussion Papers.
  3. Torben Pedersen & Steen Thomsen, 2003. "Ownership Structure and Value of the Largest European Firms: The Importance of Owner Identity," Journal of Management and Governance, Springer, Springer, vol. 7(1), pages 27-55, March.
  4. Djankov, Simeon & Glaeser, Edward & La Porta, Rafael & Lopez de Silanes, Florencio & Shleifer, Andrei, 2003. "The new comparative economics," Policy Research Working Paper Series, The World Bank 3054, The World Bank.
  5. Chaiyasit Anuchitworawong, 2010. "The Value of Principles-Based Governance Practices and the Attenuation of Information Asymmetry," Asia-Pacific Financial Markets, Springer, Springer, vol. 17(2), pages 171-207, June.
  6. Hwang, Sunwoo & Kim, Woochan, 2014. "When Heirs Become Major Shareholders: Evidence on Tunneling and Succession through Related-Party Transactions," MPRA Paper 56487, University Library of Munich, Germany.
  7. Singh, Deeksha A., 2009. "Export performance of emerging market firms," International Business Review, Elsevier, Elsevier, vol. 18(4), pages 321-330, August.
  8. Hamelin, Anaïs, 2011. "Small business groups enhance performance and promote stability, not expropriation. Evidence from French SMEs," Journal of Banking & Finance, Elsevier, Elsevier, vol. 35(3), pages 613-626, March.
  9. Claessens, Stijn & Yurtoglu, B. Burcin, 2013. "Corporate governance in emerging markets: A survey," Emerging Markets Review, Elsevier, Elsevier, vol. 15(C), pages 1-33.
  10. Dirk Schindler & Guttorm Schjelderup, 2010. "Multinationals, Minority Ownership and Tax-Efficient Financing Structures," CESifo Working Paper Series 3034, CESifo Group Munich.
  11. Lin, Chen & Ma, Yue & Malatesta, Paul & Xuan, Yuhai, 2013. "Corporate ownership structure and the choice between bank debt and public debt," Journal of Financial Economics, Elsevier, Elsevier, vol. 109(2), pages 517-534.
  12. Claessens, Stijn & Fan, Joseph P.H. & Lang, Larry H.P., 2006. "The benefits and costs of group affiliation: Evidence from East Asia," Emerging Markets Review, Elsevier, Elsevier, vol. 7(1), pages 1-26, March.
  13. Ariane Chapelle & Ariane Szafarz, 2005. "Controlling firms through the majority voting rule," Working Papers CEB, ULB -- Universite Libre de Bruxelles 05-004.RS, ULB -- Universite Libre de Bruxelles.
  14. Melsa Ararat & George Dallas, 2011. "Corporate Governance in Emerging Markets : Why It Matters to Investors—and What They Can Do About It," World Bank Other Operational Studies 11071, The World Bank.
  15. Lucian A. Bebchuk & Michael S. Weisbach, 2010. "The State of Corporate Governance Research," Review of Financial Studies, Society for Financial Studies, Society for Financial Studies, vol. 23(3), pages 939-961, March.
  16. Dow, Sandra & McGuire, Jean, 2009. "Propping and tunneling: Empirical evidence from Japanese keiretsu," Journal of Banking & Finance, Elsevier, Elsevier, vol. 33(10), pages 1817-1828, October.
  17. Neng Wang & Rui Albuquerque, 2005. "Agency Conflicts, Investment, and Asset Pricing," Computing in Economics and Finance 2005, Society for Computational Economics 351, Society for Computational Economics.
  18. Heitor Almeida & Daniel Wolfenzon, 2005. "A Theory of Pyramidal Ownership and Family Business Groups," NBER Working Papers 11368, National Bureau of Economic Research, Inc.
  19. Lee, Keonbeom & Peng, Mike W. & Lee, Keun, 2008. "From diversification premium to diversification discount during institutional transitions," Journal of World Business, Elsevier, Elsevier, vol. 43(1), pages 47-65, January.
  20. Yohanes E. Riyanto & Linda A. Toolsema, 2004. "Tunneling and Propping: A Justification for Pyramidal Ownership," Econometric Society 2004 Far Eastern Meetings, Econometric Society 639, Econometric Society.
  21. Mara Faccio, 2006. "Politically Connected Firms," American Economic Review, American Economic Association, American Economic Association, vol. 96(1), pages 369-386, March.
  22. Nandini Gupta, 2001. "Partial Privatization And Firm Performance: Evidence From India," William Davidson Institute Working Papers Series, William Davidson Institute at the University of Michigan 426, William Davidson Institute at the University of Michigan.
  23. Lensink, Robert & van der Molen, Remco, 2010. "Does group affiliation increase firm value for diversified groups?: New evidence from Indian companies," Journal of Empirical Finance, Elsevier, Elsevier, vol. 17(3), pages 332-344, June.
  24. Morck, Randall, 2006. "How to Eliminate Pyramidal Business Groups: The Double Taxation of Inter-corporate Dividends and other Incisive Uses of Tax Policy," CEI Working Paper Series, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University 2005-15, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
  25. Gonenc, Halit & Hermes, Niels, 2008. "Propping: Evidence from new share issues of Turkish business group firms," Journal of Multinational Financial Management, Elsevier, Elsevier, vol. 18(3), pages 261-275, July.
  26. Randall Morck & Michael Percy & Gloria Tian & Bernard Yeung, 2005. "The Rise and Fall of the Widely Held Firm: A History of Corporate Ownership in Canada," NBER Chapters, National Bureau of Economic Research, Inc, in: A History of Corporate Governance around the World: Family Business Groups to Professional Managers, pages 65-148 National Bureau of Economic Research, Inc.
  27. Locorotondo, Rosy & Dewaelheyns, Nico & Van Hulle, Cynthia, 2014. "Cash holdings and business group membership," Journal of Business Research, Elsevier, Elsevier, vol. 67(3), pages 316-323.
  28. 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.
  29. Lei, Adrian C.H. & Song, Frank M., 2011. "Connected transactions and firm value: Evidence from China-affiliated companies," Pacific-Basin Finance Journal, Elsevier, Elsevier, vol. 19(5), pages 470-490, November.
  30. Allen, Franklin & Chakrabarti, Rajesh & De, Sankar & Qian, Jun “QJ” & Qian, Meijun, 2012. "Financing firms in India," Journal of Financial Intermediation, Elsevier, Elsevier, vol. 21(3), pages 409-445.
  31. Balasubramanian, N. & Black, Bernard S. & Khanna, Vikramaditya, 2010. "The relation between firm-level corporate governance and market value: A case study of India," Emerging Markets Review, Elsevier, Elsevier, vol. 11(4), pages 319-340, December.
  32. Driffield, Nigel & Jones, Chris & Crotty, Jo, 2013. "International business research and risky investments, an analysis of FDI in conflict zones," International Business Review, Elsevier, Elsevier, vol. 22(1), pages 140-155.
  33. 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.
  34. Jayati Sarkar & Subrata Sarkar, 2005. "Debt and corporate governance in emerging economies: Evidence from India," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2005-007, Indira Gandhi Institute of Development Research, Mumbai, India.
  35. Morck, Randall & Yeung, Bernard, 2004. "Special issues relating to corporate governance and family control," Policy Research Working Paper Series, The World Bank 3406, The World Bank.
  36. Byungmo Kim & Kooyul Jung & In Kim, 2005. "Internal Funds Allocation and the Ownership Structure: Evidence from Korean Business Groups," Review of Quantitative Finance and Accounting, Springer, Springer, vol. 25(1), pages 33-53, August.
  37. Laura Alfaro & Anusha Chari, 2009. "India Transformed? Insights from the Firm Level 1988-2005," Harvard Business School Working Papers, Harvard Business School 10-030, Harvard Business School.
  38. Sumon Kumar Bhaumik & Ekta Selarka, 2008. "Impact of M&A on firm performance in India: Implications for concentration of ownership and insider entrenchment," William Davidson Institute Working Papers Series, William Davidson Institute at the University of Michigan wp907, William Davidson Institute at the University of Michigan.
  39. Randall Morck & Bernard Yeung, 2010. "Agency Problems and the Fate of Capitalism," NBER Working Papers 16490, National Bureau of Economic Research, Inc.
  40. 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.
  41. Dharmapala, Dhammika & Riedel, Nadine, 2011. "Earnings shocks and tax-motivated income-shifting: Evidence from European multinationals," FZID Discussion Papers, University of Hohenheim, Center for Research on Innovation and Services (FZID) 24-2011, University of Hohenheim, Center for Research on Innovation and Services (FZID).
  42. Yannick Thams & Ying Liu & Mary Glinow, 2013. "Asian favors: More than a cookie cutter approach," Asia Pacific Journal of Management, Springer, Springer, vol. 30(2), pages 461-486, June.
  43. Bernard Yeung & Randall Morck & Daniel Wolfenzon, 2004. "Corporate Governance, Economic Entrenchment and Growth," Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics 04-21, New York University, Leonard N. Stern School of Business, Department of Economics.
  44. Mazumdar, Surajit, 2008. "The analysis of business groups: Some observations with reference to India," MPRA Paper 19628, University Library of Munich, Germany.
  45. Boubaker, Sabri & Nguyen, Pascal & Rouatbi, Wael, 2012. "Large shareholders and firm risk-taking behavior," MPRA Paper 39005, University Library of Munich, Germany.
  46. Li, Donghui & Nguyen, Quang N. & Pham, Peter K. & Wei, Steven X., 2011. "Large Foreign Ownership and Firm-Level Stock Return Volatility in Emerging Markets," Journal of Financial and Quantitative Analysis, Cambridge University Press, Cambridge University Press, vol. 46(04), pages 1127-1155, September.
  47. Berhanu Abegaz, 2005. "The Diversified Business Group as an Innovative Organizational Model for Large State-Enterprise Reform in China and Vietnam," Working Papers, Department of Economics, College of William and Mary 13, Department of Economics, College of William and Mary.
  48. Cheung, Yan-Leung & Jing, Lihua & Lu, Tong & Rau, P. Raghavendra & Stouraitis, Aris, 2009. "Tunneling and propping up: An analysis of related party transactions by Chinese listed companies," Pacific-Basin Finance Journal, Elsevier, Elsevier, vol. 17(3), pages 372-393, June.
  49. Domenico Scalera & Alberto Zazzaro, 2009. "Do Inter-Firm Networks Make Access to Finance Easier? Issues and Empirical Evidence," Mo.Fi.R. Working Papers, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences 25, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
  50. Boubaker, Sabri & Labégorre, Florence, 2008. "Ownership structure, corporate governance and analyst following: A study of French listed firms," Journal of Banking & Finance, Elsevier, Elsevier, vol. 32(6), pages 961-976, June.
  51. Ghosh, Saibal, 2007. "Leverage, managerial monitoring and firm valuation: A simultaneous equation approach," Research in Economics, Elsevier, Elsevier, vol. 61(2), pages 84-98, June.
  52. Liu, Qiao & Lu, Zhou (Joe), 2007. "Corporate governance and earnings management in the Chinese listed companies: A tunneling perspective," Journal of Corporate Finance, Elsevier, Elsevier, vol. 13(5), pages 881-906, December.
  53. Anaïs Hamelin, 2010. "Is there tunneling in Small Business Groups? Evidence from French SMEs," Working Papers CEB, ULB -- Universite Libre de Bruxelles 10-003.RS, ULB -- Universite Libre de Bruxelles.
  54. Randall Morck, 2003. "Why Some Double Taxation Might Make Sense: The Special Case of Inter-corporate Dividends," NBER Working Papers 9651, National Bureau of Economic Research, Inc.
  55. Luis H. Gutiérrez & Carlos Pombo, 2005. "Valuación y gobierno corporativo: elementos de juicio de Colombia," Research Department Publications, Inter-American Development Bank, Research Department 3217, Inter-American Development Bank, Research Department.
  56. Michele Fratianni & Francesco Marchionne, 2014. "Bank asset reallocation and sovereign debt," Working Papers, Indiana University, Kelley School of Business, Department of Business Economics and Public Policy 2014-09, Indiana University, Kelley School of Business, Department of Business Economics and Public Policy.
  57. Chen, Jiandong & Cumming, Douglas & Hou, Wenxuan & Lee, Edward, 2013. "Executive integrity, audit opinion, and fraud in Chinese listed firms," Emerging Markets Review, Elsevier, Elsevier, vol. 15(C), pages 72-91.
  58. Pursey Heugens & Marc Essen & J. Oosterhout, 2009. "Meta-analyzing ownership concentration and firm performance in Asia: Towards a more fine-grained understanding," Asia Pacific Journal of Management, Springer, Springer, vol. 26(3), pages 481-512, September.
  59. Randall K. Morck & Lloyd Steier, 2005. "The Global History of Corporate Governance: An Introduction," NBER Working Papers 11062, National Bureau of Economic Research, Inc.
  60. Moskalev, Sviatoslav A., 2010. "Foreign ownership restrictions and cross-border markets for corporate control," Journal of Multinational Financial Management, Elsevier, Elsevier, vol. 20(1), pages 48-70, February.
  61. Chi, Wei & Wang, Yijiang, 2007. "Ownership, Performance and Executive Turnover," MPRA Paper 3545, University Library of Munich, Germany.
  62. Mike Peng & Andrew Delios, 2006. "What determines the scope of the firm over time and around the world? An Asia Pacific perspective," Asia Pacific Journal of Management, Springer, Springer, vol. 23(4), pages 385-405, December.
  63. Berkman, Henk & Cole, Rebel A. & Fu, Lawrence J., 2009. "Expropriation through loan guarantees to related parties: Evidence from China," Journal of Banking & Finance, Elsevier, Elsevier, vol. 33(1), pages 141-156, January.
  64. 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.
  65. Dirk Schindler & Guttorm Schjelderup, 2011. "Debt Shifting and Ownership Structure," Working Paper Series of the Department of Economics, University of Konstanz, Department of Economics, University of Konstanz 2011-35, Department of Economics, University of Konstanz.
  66. Kali, Raja & Sarkar, Jayati, 2011. "Diversification and tunneling: Evidence from Indian business groups," Journal of Comparative Economics, Elsevier, vol. 39(3), pages 349-367, September.
  67. Johnson Simon, 2002. "Coase and the Reform of Securities Markets," International Economic Journal, Taylor & Francis Journals, Taylor & Francis Journals, vol. 16(1), pages 1-19.
  68. Gul, Ferdinand A. & Kim, Jeong-Bon & Qiu, Annie A., 2010. "Ownership concentration, foreign shareholding, audit quality, and stock price synchronicity: Evidence from China," Journal of Financial Economics, Elsevier, Elsevier, vol. 95(3), pages 425-442, March.
  69. Tarun Khanna & Yishay Yafeh, 2007. "Business Groups in Emerging Markets: Paragons or Parasites?," Journal of Economic Literature, American Economic Association, American Economic Association, vol. 45(2), pages 331-372, June.
  70. Black, Bernard & De Carvalho, Antonio Gledson & Khanna, Vikramaditya & Kim, Woochan & Yurtoglu, Burcin, 2014. "Methods for Multicountry Studies of Coporate Governance: Evidence from the BRIKT Countries," MPRA Paper 56460, University Library of Munich, Germany.
  71. Jianfeng Wu & Dean Xu & Phillip Phan, 2011. "The effects of ownership concentration and corporate debt on corporate divestitures in Chinese listed firms," Asia Pacific Journal of Management, Springer, Springer, vol. 28(1), pages 95-114, March.
  72. Suzanne Young & Vijaya Thyil, 2014. "Corporate Social Responsibility and Corporate Governance: Role of Context in International Settings," Journal of Business Ethics, Springer, Springer, vol. 122(1), pages 1-24, June.
  73. Nguyen, Pascal & Rahman, Nahid & Zhao, Ruoyun, 2013. "Ownership structure and divestiture decisions: Evidence from Australian firms," International Review of Financial Analysis, Elsevier, Elsevier, vol. 30(C), pages 170-181.
  74. Sarkar, Jayati & Sarkar, Subrata, 2009. "Multiple board appointments and firm performance in emerging economies: Evidence from India," Pacific-Basin Finance Journal, Elsevier, Elsevier, vol. 17(2), pages 271-293, April.
  75. Mara Faccio & Maria-Teresa Marchica & Roberto Mura, 2010. "Large Shareholder Diversification And Corporate Risk- Taking," Purdue University Economics Working Papers 1241, Purdue University, Department of Economics.
  76. Dhammika Dharmapala, 2014. "What Do We Know About Base Erosion and Profit Shifting? A Review of the Empirical Literature," CESifo Working Paper Series 4612, CESifo Group Munich.
  77. Gao, Lei & Kling, Gerhard, 2008. "Corporate governance and tunneling: Empirical evidence from China," Pacific-Basin Finance Journal, Elsevier, Elsevier, vol. 16(5), pages 591-605, November.
  78. Henk, Berkman & Rebel, Cole & Fu, Lawrence, 2005. "Agency Conflicts, Expropriation and Firm Value: Evidence from Securities-Market Regulation in China," MPRA Paper 52619, University Library of Munich, Germany.
  79. George, Rejie & Kabir, Rezaul, 2008. "Business groups and profit redistribution: A boon or bane for firms?," Journal of Business Research, Elsevier, Elsevier, vol. 61(9), pages 1004-1014, September.
  80. Gopalan, Radhakrishnan & Nanda, Vikram & Seru, Amit, 2007. "Affiliated firms and financial support: Evidence from Indian business groups," Journal of Financial Economics, Elsevier, Elsevier, vol. 86(3), pages 759-795, December.
  81. Rim Ben Hassen & Omri Abdelwahed, 2014. "Privatization of Tunisian Companies: A Study of Corporate Governance Mechanisms," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 4(2), pages 94-104, April.
  82. Raja Kali & Jayati Sarkar, 2005. "Diversification, propping and monitoring: Business groups, firm performance and the Indian economic transition," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2005-006, Indira Gandhi Institute of Development Research, Mumbai, India.
  83. Cheung, Yan-Leung & Chung, Cheong-Wing & Tan, Weiqiang & Wang, Wenming, 2013. "Connected board of directors: A blessing or a curse?," Journal of Banking & Finance, Elsevier, Elsevier, vol. 37(8), pages 3227-3242.
  84. Chi, Wei & Wang, Yijiang, 2009. "Ownership, performance and executive turnover in China," Journal of Asian Economics, Elsevier, Elsevier, vol. 20(4), pages 465-478, September.
  85. Sabri Boubaker & Hind Sami, 2011. "Multiple large shareholders and earnings informativeness," Review of Accounting and Finance, Emerald Group Publishing, Emerald Group Publishing, vol. 10(3), pages 246-266, August.
  86. Ben Kedia & Debmalya Mukherjee & Somnath Lahiri, 2006. "Indian business groups: Evolution and transformation," Asia Pacific Journal of Management, Springer, Springer, vol. 23(4), pages 559-577, December.
  87. Buysschaert, An & Deloof, Marc & Jegers, Marc, 2004. "Equity sales in Belgian corporate groups: expropriation of minority shareholders? A clinical study," Journal of Corporate Finance, Elsevier, Elsevier, vol. 10(1), pages 81-103, January.
  88. Ghosh, Saibal, 2010. "Affiliation and Firm Performance: Evidence from Indian Business Groups," MPRA Paper 24291, University Library of Munich, Germany.
  89. Marisetty, Vijaya B. & Subrahmanyam, Marti G., 2010. "Group affiliation and the performance of IPOs in the Indian stock market," Journal of Financial Markets, Elsevier, Elsevier, vol. 13(1), pages 196-223, February.
  90. Paligorova, Teodora & Xu, Zhaoxia, 2012. "Complex ownership and capital structure," Journal of Corporate Finance, Elsevier, Elsevier, vol. 18(4), pages 701-716.
  91. Michele Pizzo, 2013. "Related party transactions under a contingency perspective," Journal of Management and Governance, Springer, Springer, vol. 17(2), pages 309-330, May.
  92. Beuselinck, Christof & Deloof, Marc, 2014. "Earnings Management in Business Groups: Tax Incentives or Expropriation Concealment?," The International Journal of Accounting, Elsevier, Elsevier, vol. 49(1), pages 27-52.
  93. Atanasov, Vladimir & Black, Bernard & Ciccotello, Conrad & Gyoshev, Stanley, 2010. "How does law affect finance? An examination of equity tunneling in Bulgaria," Journal of Financial Economics, Elsevier, Elsevier, vol. 96(1), pages 155-173, April.
  94. Cucculelli, Marco & Marchionne, Francesco, 2012. "Market opportunities and owner identity: Are family firms different?," Journal of Corporate Finance, Elsevier, Elsevier, vol. 18(3), pages 476-495.
  95. Sergio G. Lazzarini & Aldo Musacchio, 2011. "Leviathan as a Minority Shareholder: A Study of Equity Purchases by the Brazilian National Development Bank (BNDES), 1995-2003," Harvard Business School Working Papers, Harvard Business School 11-073, Harvard Business School.
  96. Carlos Pombo & Luis H. Gutiérrez, 2007. "Gestión empresarial y valuación de empresas en Colombia," Research Department Publications, Inter-American Development Bank, Research Department 4471, Inter-American Development Bank, Research Department.
  97. Gupta, Manu & Prakash, Puneet & Rangan, Nanda K., 2013. "Equity issue-specific versus broad regulatory protections against expropriation risk: International evidence from SEOs," Journal of International Money and Finance, Elsevier, Elsevier, vol. 35(C), pages 146-166.
  98. Michael Carney, 2008. "The many futures of Asian business groups," Asia Pacific Journal of Management, Springer, Springer, vol. 25(4), pages 595-613, December.
  99. Marisetty, Vijaya B. & Marsden, Alastair & Veeraraghavan, Madhu, 2008. "Price reaction to rights issues in the Indian capital market," Pacific-Basin Finance Journal, Elsevier, Elsevier, vol. 16(3), pages 316-340, June.
  100. Ariane Chapelle & Ariane Szafarz, 2007. "Control consolidation with a threshold: An algorithm," ULB Institutional Repository, ULB -- Universite Libre de Bruxelles 2013/6065, ULB -- Universite Libre de Bruxelles.
  101. Boubaker, Sabri & Mansali, Hatem & Rjiba, Hatem, 2014. "Large controlling shareholders and stock price synchronicity," Journal of Banking & Finance, Elsevier, Elsevier, vol. 40(C), pages 80-96.
  102. Belot, François, 2010. "Excess control rights and corporate acquisitions," Economics Papers from University Paris Dauphine, Paris Dauphine University 123456789/5922, Paris Dauphine University.
  103. Manos, Ronny & Murinde, Victor & Green, Christopher J., 2007. "Leverage and business groups: Evidence from Indian firms," Journal of Economics and Business, Elsevier, Elsevier, vol. 59(5), pages 443-465.
  104. Mazumdar, Surajit, 2011. "Studying developing country business groups: some issues with reference to the Indian case," MPRA Paper 38906, University Library of Munich, Germany.
  105. Klaus Gugler, 2013. "The determinants of rent extraction in the parent-subsidiary relation," Empirica, Springer, Springer, vol. 40(2), pages 343-362, May.
  106. Zamudio, César & Anokhin, Sergey & Kellermanns, Franz W., 2014. "Network analysis: A concise review and suggestions for family business research," Journal of Family Business Strategy, Elsevier, Elsevier, vol. 5(1), pages 63-71.
  107. Gautam, Vikash, 2011. "Evidence on the dynamics of investment-cash flow sensitivity," MPRA Paper 35431, University Library of Munich, Germany, revised Dec 2011.
  108. Lopez-de-Silanes, Florencio, 2004. "A survey of securities laws and enforcement," Policy Research Working Paper Series, The World Bank 3405, The World Bank.
  109. Raymond Fisman & Yongxiang Wang, 2014. "Corruption in Chinese Privatizations," NBER Working Papers 20090, National Bureau of Economic Research, Inc.
  110. Chen, Donghua & Jian, Ming & Xu, Ming, 2009. "Dividends for tunneling in a regulated economy: The case of China," Pacific-Basin Finance Journal, Elsevier, Elsevier, vol. 17(2), pages 209-223, April.
  111. Eric Hilt, 2014. "History of American Corporate Governance: Law, Institutions, and Politics," NBER Working Papers 20356, National Bureau of Economic Research, Inc.
  112. Cheung, Yan-Leung & Qi, Yuehua & Raghavendra Rau, P. & Stouraitis, Aris, 2009. "Buy high, sell low: How listed firms price asset transfers in related party transactions," Journal of Banking & Finance, Elsevier, Elsevier, vol. 33(5), pages 914-924, May.
  113. Marco Cucculelli, 2008. "Owner Identity and Firm Performance: Evidence from European Companies," Rivista di Politica Economica, SIPI Spa, SIPI Spa, vol. 98(2), pages 149-178, March-Apr.
  114. Lincoln, James R. & Shimotani, Masahiro, 2009. "Whither the Keiretsu, Japan's Business Networks? How Were They Structured? What Did They Do? Why Are They Gone?," Institute for Research on Labor and Employment, Working Paper Series, Institute of Industrial Relations, UC Berkeley qt00m7d34g, Institute of Industrial Relations, UC Berkeley.
  115. Dischinger, Matthias & Riedel, Nadine, 2009. "There's No Place Like Home: The Profitability Gap between Headquarters and their Foreign Subsidiaries," Discussion Papers in Economics, University of Munich, Department of Economics 10976, University of Munich, Department of Economics.
  116. Joy Jia & Mike Adams & Mike Buckle, 2012. "Insurance and ownership structure in India’s corporate sector," Asia Pacific Journal of Management, Springer, Springer, vol. 29(1), pages 129-149, March.
  117. Atif Ikram & Syed Ali Asjad Naqvi, 2005. "Family Business Groups and Tunneling Framework : Application and Evidence from Pakistan," Microeconomics Working Papers 22263, East Asian Bureau of Economic Research.
  118. 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.
  119. Alain Verbeke & Liena Kano, 2013. "The transaction cost economics (TCE) theory of trading favors," Asia Pacific Journal of Management, Springer, Springer, vol. 30(2), pages 409-431, June.
  120. Mike Peng & Yi Jiang, 2006. "Family Ownership And Control In Large Firms: The Good, The Bad, The Irrelevant – And Why," William Davidson Institute Working Papers Series, William Davidson Institute at the University of Michigan wp840, William Davidson Institute at the University of Michigan.
  121. Byun, Hae-Young & Choi, Sunhwa & Hwang, Lee-Seok & Kim, Robert G., 2013. "Business group affiliation, ownership structure, and the cost of debt," Journal of Corporate Finance, Elsevier, Elsevier, vol. 23(C), pages 311-331.
  122. Bhaumik, Sumon Kumar & Selarka, Ekta, 2012. "Does ownership concentration improve M&A outcomes in emerging markets?," Journal of Corporate Finance, Elsevier, Elsevier, vol. 18(4), pages 717-726.
  123. Carlos Pombo & Luis H. Gutiérrez, 2007. "Corporate Governance and Firm Valuation in Colombia," IDB Publications 6732, Inter-American Development Bank.
  124. Laetitia Lepetit & Amine Tarazi & Nadia Zedek, 2012. "Ultimate Ownership Structure and Bank Regulatory Capital Adjustment: Evidence from European Commercial Banks," Working Papers, HAL hal-00918579, HAL.
  125. Khanna, Tarun & Thomas, Catherine, 2009. "Synchronicity and firm interlocks in an emerging market," Journal of Financial Economics, Elsevier, Elsevier, vol. 92(2), pages 182-204, May.
  126. Luis H Gutiérrez & Carlos Pombo, 2005. "Corporate Valuation and Governance: Evidence from Colombia," BORRADORES DE INVESTIGACIÓN, UNIVERSIDAD DEL ROSARIO 002203, UNIVERSIDAD DEL ROSARIO.
  127. Tatiana Nenova & Catherine Hickey, 2006. "Self-Dealing : Sneaking Corporate Value through the Back Door," World Bank Other Operational Studies 11176, The World Bank.
  128. Aradhna Aggarwal & Takahiro Sato, 2011. "Firm Dynamics and Productivity Growth in Indian Manufacturing: Evidence from Plant Level Panel Dataset," Discussion Paper Series, Research Institute for Economics & Business Administration, Kobe University DP2011-07, Research Institute for Economics & Business Administration, Kobe University.
  129. Manos, Ronny & Murinde, Victor & Green, Christopher J., 2012. "Dividend policy and business groups: Evidence from Indian firms," International Review of Economics & Finance, Elsevier, Elsevier, vol. 21(1), pages 42-56.
  130. Cheung, Yan-Leung & Rau, P. Raghavendra & Stouraitis, Aris, 2006. "Tunneling, propping, and expropriation: evidence from connected party transactions in Hong Kong," Journal of Financial Economics, Elsevier, Elsevier, vol. 82(2), pages 343-386, November.
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