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economy. Using an unbalanced panel which consists of a total of 34701 executives in 450 publicly listed firms in China during …, and corporate governance structure affect pay dispersion. Overall, our study shows that listed firms in China, as they …
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This paper offers the first comprehensive analysis of legal change in the protection of shareholder and creditor rights in transition economies and its impact on the propensity of firms to raise external finance. Following La Porta et al. (1998), the paper constructs an expanded set of legal...
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