Liang, Chiung-Ju; Lin, Ying-Li; Huang, Tzu-Tsang - In: Emerging Markets Finance and Trade 47 (2011) 6, pp. 120-133
This paper reexamines the relationship between ownership and firm performance. Using an unbalanced panel data in the emerging Taiwan market, we adopt a simultaneous equations framework to explore the persistence of the relationship across the life cycle of firms over time. Empirical results...