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Prior research shows that financial reporting quality (FRQ) is positively related to investment efficiency for large U.S. publicly traded companies. We examine the role of FRQ in private firms from emerging markets, a setting in which extant research suggests that FRQ would be less conducive to...
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. Specifically, we examine the determinants of residual state ownership after privatization over a window of up to six years after … privatization is politically shaped and constrained, and hence obeys to a dynamic that is different from one country to another …
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ownership after privatization over a window of up to six years after divestiture. We find that the residual state ownership is … privatization is politically shaped and constrained by a dynamic that will differ between countries …
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While privatization has long been a central pro-market strategy for promoting competitiveness, little is known about … which aspects of this multilevel process impact firm performance. Agency theory predicts that privatization will improve … privatization of Indonesian state-owned firms during which firms experience only changes in monitoring, as majority state ownership …
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Environmental law has long been viewed as a public law field, with policymakers and practitioners conditioned to look to government for solutions to environmental problems, but private governance is playing an increasingly important role. Will private environmental governance become a mainstay...
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