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argue that institutions define family business characteristics such as ownership concentration and family management, and … and calls further attention to the embedded nature of family business in institutions. Copyright Springer Science …
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system and institutional characteristics in a specific country. Institutions may also affect the extent of complimentarity …
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We provide evidence on the use of accounting versus stock market performance measures as determinants of Chinese top managers’ compensation over 2001–2007. We theorize and find that (1) accounting returns are weighted more heavily in general than stock returns in determining top executive...
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