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The origin of crony capitalism: how institutional changes incentivize corruption -- The soil of crony capitalism: where … spawned a form of rapacious crony capitalism characterized by endemic corruption, an incipient kleptocracy, record income … inequality, and high social tensions. This book traces the origin of China's crony capitalism to a set of incomplete reforms of …
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local governments use these institutions to channel patronage to and gain political support from the private sector. Field …
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The warlord state and the capitalist-politician -- The prewar Nationalists' uncertain developmental state -- Building Eden with national products and urban consumerism -- Japanese occupation and the "economy of things" -- Building Eden inside the firm -- The postwar Nationalists' unresponsive...
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Using a sample of hi-tech Chinese small and medium-size enterprises (SMEs), we compare financing costs for family and nonfamily firms. We find that family SMEs enjoy relatively lower average financing costs through mitigating agency problems, the provision of greater collateral, and the reliance...
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