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This study examines whether and how anticorruption efforts may mitigate the risk of corporate fraud. Based on a sample of Chinese publicly listed firms over the period of 2008 to 2017, we find that anticorruption efforts reduce the likelihood of fraud commission and increase the likelihood of...
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This paper investigates how family ownership, control and management affect firm investment performance. We use the … identity of the CEO and the COB to establish under what management the firm is: founder, descendent or external management. The … analysis shows that founder management has no effect on investment performance in family firms, whereas descendant management …
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