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evidence that as compared to common law countries, costs of liquidity are larger for companies in countries with civil law … origin. This result implies that countries with common law origin have lower illiquidity, implying higher stock market … the stock market, this result for countries with civil law origin is weaker. Yet, the findings reveal that stock market …
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This paper focuses on the relationship between corporate governance and corporate performance by initial public offerings (IPOs) of Kazakhstan state-owned enterprises (SOEs) in the transition economies of Central Asia. It argues that privatization (i.e., IPO) has different effects depending on...
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