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Recent studies on institutional theory and the public policy field called for efforts to pry open the black box of institutional and policy change. This article offers a response to this call. It demo...
This paper provides a detailed explanation of cross-country differences in bank regulations and their sources. The results suggest that the patterns of bank regulations imply important differences bet...
Investor Protection and Corporate Governance1 Rafael La Porta, Florencio Lopez-de-Silanes, Andrei Shleifer and Robert VishnyHarvard University, Harvard University, Harvard University, and University ...
Conflicting agendas in corporate governance show the limits of the transaction costs approach and property rights theory. A top-down approach of control and monitor may have negative effect on the com...
Venture capitalism is an outcome of the ICT Revolution, which made its appearance first in the US during the late 1970s and early 1980s and then in other countries including Israel during the 1990s. I...
该文主要考察了东亚国家的金融制度安排、公司治理结构和金融危机的相关性。该文认为,在有关金融危机问题的研究中,最重要的思路是把金融制度安排与公司治理结构的关系引入其中。尽管公司治理结构的理论与实践似乎在告诉我们一个事实,股权和债权的相对集中将有利于对管理者的监督及对投资者的保护,然而需强调的是这一利好的事实却依赖于有效的金融制度安排,而绝不是所谓的“政府政策和利益导向型”安排。该文的主要结论是,东亚...

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