How is China acquiring global influence? Rather than focusing exclusively on China's interests, this book considers a vital but overlooked feature - the interests of recipient countries. Richard W. Carney argues that countries in which political leaders rely more heavily on clientelism coupled...

We examine the nature of state blockholding across publicly listed firms in East Asia by assembling a unique dataset spanning 16 years and 9 economies. Our newly compiled data identifies ultimate owners for each firm annually between 1997 and 2012, totaling 2,984 firm-year observations. Three...

Previous research on firm performance does not adequately account for the interrelatedness of a firm's professional connections, political ties, and family business-group affiliation. Many widely-cited findings may therefore be subject to confounding bias. To address this problem, we adopt a...

Previous research on firm performance does not adequately account for the interrelatedness of a firm's professional connections, political ties, and family business-group affiliation. Many widely-cited findings may therefore be subject to confounding bias. To address this problem, we adopt a...

Since the Asian Financial Crisis of 1997, the prevalence and transparency of state ownership – both domestic and foreign -- has exhibited considerable variance across the region. To explain this puzzle, I argue that a tight focus on two dimensions of politics yields a remarkable degree of...