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Do government-linked companies underperform?

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  • Feng, Fang
  • Sun, Qian
  • Tong, Wilson H. S.

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  • Feng, Fang & Sun, Qian & Tong, Wilson H. S., 2004. "Do government-linked companies underperform?," Journal of Banking & Finance, Elsevier, vol. 28(10), pages 2461-2492, October.
  • Handle: RePEc:eee:jbfina:v:28:y:2004:i:10:p:2461-2492
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    References listed on IDEAS

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    10. Andrei Shleifer, 1998. "State versus Private Ownership," Journal of Economic Perspectives, American Economic Association, vol. 12(4), pages 133-150, Fall.
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    15. Perfect, Steven B. & Wiles, Kenneth W., 1994. "Alternative constructions of Tobin's q: An empirical comparison," Journal of Empirical Finance, Elsevier, vol. 1(3-4), pages 313-341, July.
    16. Caves, Douglas W & Christensen, Laurits R, 1980. "The Relative Efficiency of Public and Private Firms in a Competitive Environment: The Case of Canadian Railroads," Journal of Political Economy, University of Chicago Press, vol. 88(5), pages 958-976, October.
    17. Bhandari, Laxmi Chand, 1988. " Debt/Equity Ratio and Expected Common Stock Returns: Empirical Evidence," Journal of Finance, American Finance Association, vol. 43(2), pages 507-528, June.
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    26. Morck, Randall & Shleifer, Andrei & Vishny, Robert W., 1988. "Management ownership and market valuation : An empirical analysis," Journal of Financial Economics, Elsevier, vol. 20(1-2), pages 293-315, January.
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    Citations

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    Cited by:

    1. Uddin, Md Hamid, 2016. "Effect of government share ownership on corporate risk taking: Case of the United Arab Emirates," Research in International Business and Finance, Elsevier, vol. 36(C), pages 322-339.
    2. repec:gam:jsusta:v:9:y:2017:i:11:p:2112-:d:119271 is not listed on IDEAS
    3. László György & József Veress, 2013. "The Possible Causes of and Means of Avoiding External Financial Vulnerability Hungary versus Singapore," Public Finance Quarterly, State Audit Office of Hungary, vol. 58(1), pages 53-75.
    4. Bogart, Dan & Chaudhary, Latika, 2015. "Off the rails: Is state ownership bad for productivity?," Journal of Comparative Economics, Elsevier, vol. 43(4), pages 997-1013.
    5. repec:eee:pacfin:v:51:y:2018:i:c:p:297-317 is not listed on IDEAS
    6. Gehan A. Mousa & Abdelmohsen M. Desoky & Zuraidah Mohd Sanusi, 2012. "The Association Between Internal Governance Mechanisms And Corporate Value: Evidence From Bahrain," Asian Academy of Management Journal of Accounting and Finance (AAMJAF), Penerbit Universiti Sains Malaysia, vol. 8(Supp. 1), pages 67-91.
    7. Choon-Yin Sam, 2013. "Partial privatisation and the role of state owned holding companies in China," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 17(3), pages 767-789, August.
    8. Hélène Raymond, 2009. "The effect of Sovereign Wealth Funds’ investments on stock markets," EconomiX Working Papers 2009-38, University of Paris Nanterre, EconomiX.

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