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Introduction : the comparative analysis of changing business systems in Asia / Richard Whitley and Xiaoke Zhang -- Part … I. Changes and continuities in Asian business systems. Changing business systems in East Asia : continued diversity … industry / Glenn Morgan and Izumi Kubo -- Systems of corporate governance in East Asia : continued divergence despite global …
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We argue in favour of the shareholder model of the firm for three main reasons. First, serving multiple stakeholders leads to ill-defined property rights. What sounds like a fair compromise between stakeholders can easily evolve in a permanent struggle between the stakeholders about the ultimate...
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