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Political connections, ownership structure, and financial institution failure
Polsiri, Piruna; Jiraporn, Pornsit - In: Journal of Multinational Financial Management 22 (2012) 1, pp. 39-53
Thailand was at the origin of the Asian financial crisis of 1997. Our research seeks to understand what economic and political factors contributed to the collapses of Thailand's financial institutions during the crisis. The distinctive feature of our model is that it incorporates variables for...
Persistent link: https://www.econbiz.de/10010572445
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The value of local political connections in a low-corruption environment
Amore, Mario Daniele; Bennedsen, Morten - In: Journal of Financial Economics 110 (2013) 2, pp. 387-402
with a unitary elasticity of connected firms’ performance to political power (as measured by population per elected …
Persistent link: https://www.econbiz.de/10010702364
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Political connections and the long-term stock performance of Chinese IPOs
Liu, Jianlei; Uchida, Konari; Gao, Ruidong - In: Journal of International Financial Markets, … 22 (2012) 4, pp. 814-833
We analyse the long-term stock performance of Chinese initial public offerings (IPOs) between the years of 2000 and … 2007. The results reveal that firms with political connections experience better long-term stock performance. Our results …-term performance of IPOs. This evidence is consistent with the view that local government officials are likely to select politically …
Persistent link: https://www.econbiz.de/10010702758
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Political connections and access to IPO markets in China
Li, Guoping; Zhou, Hong - In: China Economic Review 33 (2015) C, pp. 76-93
-based regulatory regime as well as insights into the puzzle of the consistent poor performance of China's stock markets. …
Persistent link: https://www.econbiz.de/10011264669
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Political economy of private firms in China
Guo, Di; Jiang, Kun; Kim, Byung-Yeon; Xu, Chenggang - In: Journal of Comparative Economics 42 (2014) 2, pp. 286-303
The sweeping change in political economy associated with the rapid growth of the private sector in China is rarely studied empirically in the economics literature. Using four cross-sectional surveys of private firms between 1995 and 2010, we examine the dynamics of rent creation from Party...
Persistent link: https://www.econbiz.de/10010778533
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Corporate socially responsible investments: CEO altruism, reputation, and shareholder interests
Borghesi, Richard; Houston, Joel F.; Naranjo, Andy - In: Journal of Corporate Finance 26 (2014) C, pp. 164-181
Corporate managers often invest in activities that are deemed to be socially responsible. In some instances, these investments enhance shareholder value. However, in other cases, altruistic managers or managers who privately benefit from the positive attention arising from these activities may...
Persistent link: https://www.econbiz.de/10011052917
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Does Ethnicity Pay? Evidence from Overseas Chinese FDI in China
Huang, Yasheng; Jin, Li; Qian, Yi - In: The Review of Economics and Statistics 95 (2013) 3, pp. 868-883
the performance of ethnic Chinese firms deteriorates over time. We present evidence consistent with the hypothesis that … ethnic Chinese firms underinvest in those firm attributes that may contribute to long-term performance, such as human capital …
Persistent link: https://www.econbiz.de/10011010069
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Making stock markets work to support economic growth : implications for governments, regulators, stock exchanges, corporate issuers and their investors
Weild, David; Kim, Edward; Newport, Lisa - 2013
This study provides critical observations on the state of key global equity markets as recent developments have put into question their efficiency and effectiveness in facilitating capital formation. It covers the top 26 initial public offering (IPO) producing nations, with a particular focus on...
Persistent link: https://www.econbiz.de/10009775530
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Who cares? : corporate governance in today's equity markets
Isaksson, Mats; Çelik, Serdar - 2013
There are two main sources of confusion in the public corporate governance debate. One is the confusion about the role of public policy intervention. The other is a lack of empirical knowledge about the corporate landscape where rules are supposed to be implemented and the functioning of...
Persistent link: https://www.econbiz.de/10009775539
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State-owned enterprise governance : a stocktaking of reforms and challenges in Southern Africa
Balbuena, Sara S. - 2014
This report is the first known stocktaking of its kind to provide a regional overview of state-owned enterprise (SOE) governance reforms and challenges across the Southern African Development Community (SADC) region. Part One summarises the challenges and governance practices related to...
Persistent link: https://www.econbiz.de/10010233543