This paper investigates a little studied but common mechanism that firms use to obtain state favors: business owners themselved seeking election to top office. Using Thailand as a research setting, we find that the more business owners rely on government conccessions or the wealthier they are,...

This paper examines the relation between debt and corporate governance in emerging market economies. We use firm-level panel data of listed companies from Thailand and Indonesia to analyze the firm's corporate financing behaviors in connection with its corporate governance arrangements. Our...

This paper shows that marriage can function in a similar way as mergers and acquisitions. To set up alliances that would benefit the firms, a controlling family would encourage their children to marry a person from a politically or economically powerful family. To test this hypothesis, we...

(VF)Cet article révèle une association négative forte entre la réglementation du travail et l’endettement financier des entreprises, sur un large échantillon d’entreprises cotées des 21 pays les plus riches de l’OCDE. L’hypothèse développée est que la réglementation du travail...

This paper investigates a little studied but common mechanism that firms use to obtain state favors: business owners themselves seeking election to top office. Using Thailand as a research setting, we find that the more business owners rely on government concessions or the wealthier they are,...

This paper presents the first empirical evidence showing that the marriage of a member of the controlling family adds value to public corporations. The results, based on a uniquely comprehensive data set from Thailand, show that the family firm’s stock price increases when the partner is from...