Carney, Richard W.; Liu, Wai-Man; Ngo, Phong T. H. - Volkswirtschaftliche Fakultät, … - 2012
We examine changes to corporate ownership in nine East Asian countries following the 1997 Asian Financial Crisis. Countries with lower incomes and in which policy making involves greater transactions costs (i.e., veto points) have more firms with state ownership. Partial state ownership appears...