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We examine whether business groups’ influence on cash holdings depends on ownership. Group affiliation can increase firms’ agency costs or benefit firms by providing an internal capital market, especially in transition economies characterized by weak investor protection and difficult...
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This paper examines executive compensation in the subsidiaries of business groups in China. Analyzing a sample of China …
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This paper has examined the regulatory framework of corporate groups doing business in China. It is clear that although … China has not codified corporate groups in a separate chapter or statute, corporate groups are still protected and regulated … challenges and opportunities for China to further reform its regulatory framework of corporate groups based on best practice in …
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