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Ownership Characteristics, Real Exchange Rate Movements and Labor Market Adjustment in China
Mao, Risheng - 2011
This paper uses a firm level multi-industry data set covering 456 Chinese manufacturing sectors to assess the implications of Renminbi (RMB) real exchange rate appreciation for adjustments in employment and wage rates. We stress differences in both industry and firm characteristics within...
Persistent link: https://www.econbiz.de/10013118843
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Intracompany Governance and Innovation
Belenzon, Sharon - 2014
This paper examines the relation between ownership, corporate form, and innovation for a cross-section of private and publicly traded innovating firms in the US and 15 European countries. A striking novel observation emerges from our analysis: while most innovating firms in the US are publicly...
Persistent link: https://www.econbiz.de/10013070812
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How Does Corporate Governance Risk at Home Affect Investment Choices Abroad?
Kim, Woochan - 2010
Disparity between control and ownership rights gives rise to the risk of tunneling by the controlling shareholder, and is prevalent in many emerging market economies and present in some developed countries. At the same time, international investors come from different countries whose home...
Persistent link: https://www.econbiz.de/10012759626
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Matching Firms, Managers and Incentives
Bandiera, Oriana - 2012
We exploit a unique combination of administrative sources and survey data to study the match between firms and managers. The data includes manager characteristics, such as risk aversion and talent; firm characteristics, such as ownership; detailed measures of managerial practices relative to...
Persistent link: https://www.econbiz.de/10013115322
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Dynastic Management
Caselli, Francesco - 2014
-market failures and saving rates affect aggregate total factor productivity. Numerical simulations suggest that dynastic management …Dynastic management is the inter-generational transmission of control over assets that is typical of family-owned firms …. It is pervasive around the World, but especially in developing countries. We argue that dynastic management is a …
Persistent link: https://www.econbiz.de/10012752756
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Related Investing : Corporate Ownership and Capital Mobilization During Early Industrialization
Khan, B. Zorina - 2017
Scholars engage in extensive debate about the role of families and corporations in economic growth. Some propose that personal ties provide a mechanism for overcoming such transactions costs as asymmetrical information, while others regard familial connections as conduits for inefficiency, with...
Persistent link: https://www.econbiz.de/10012965431
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Invisible Women : Entrepreneurship, Innovation and Family Firms in France During Early Industrialization
Khan, B. Zorina - 2015
groups into the market economy as managers and entrepreneurs …
Persistent link: https://www.econbiz.de/10013030075
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The SOE Premium and Government Support in China's Credit Market
Geng, Zhe - 2019
We study how perceived government support for state-owned enterprises (SOEs), can shut out non-SOEs in China's credit market, causing severe segmentation in credit pricing. Since 2018Q2, amid government-led credit tightening, the SOE premium – the difference in credit spreads between non-SOE...
Persistent link: https://www.econbiz.de/10012857737
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Quality of Public Governance and the Capital Structure of Nations and Firms
Wei, Shang-Jin - 2018
This paper examines the role of public governance quality in determining the composition of a country's external liabilities and the capital structure of firms. In our theory, better institutional quality tends to promote a higher share of foreign direct investment and equity investment in total...
Persistent link: https://www.econbiz.de/10012930847
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The Great Pyramids of America : A Revised History of Us Business Groups, Corporate Ownership and Regulation, 1930-1950
Kandel, Eugene - 2013
Most listed firms are freestanding in the U.S, while listed firms in other countries often belong to business groups: lasting structures in which listed firms control other listed firms. Hand-collected historical data illuminate how the present ownership structure of the United States arose: (1)...
Persistent link: https://www.econbiz.de/10013071909