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Corporate governance in the Asian financial crisis

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Mixing family with business: A study of Thai business groups and the families behind them

Bertrand, Marianne; Johnson, Simon; Samphantharak, Krislert - In: Journal of Financial Economics 88 (2008) 3, pp. 466-498

How does the structure of the families behind business groups affect the group's organization, governance, and performance? We construct a unique dataset of family trees and business groups for 93 of the largest business families in Thailand. We find a strong positive association between family...

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