Publication in refereed journal
香港中文大学研究人员 ( 现职)
| 杜巨澜教授 (经济学系) |
全文
| 数位物件识别号 (DOI) http://dx.doi.org/10.1111/j.1468-0106.2008.00396.x |
引用次数
Web of Sciencehttp://aims.cuhk.edu.hk/converis/portal/Publication/4WOS source URL
其它资讯
摘要This study demonstrates the importance of government corruption in shaping corporate finance patterns across countries. Corruption contributes to a more prevalent and higher degree of corporate equity ownership concentration and more reliance on bank financing in raising external finance. It argues that corporate governance under corrupt governments is particularly poor. Firm management, taking advantage of political capital acquired through bribery, is especially powerful in expropriating from outside investors. Ownership concentration and reliance on bank financing are means of mitigating the corporate governance problem under a corrupt government.
着者Du J
期刊名称Pacific Economic Review
出版年份2008
月份5
日期1
卷号13
期次2
出版社Wiley: 2http://aims.cuhk.edu.hk/converis/portal/Publication/4 months
页次183 - 208
国际标準期刊号1361-37http://aims.cuhk.edu.hk/converis/portal/Publication/4X
电子国际标準期刊号1http://aims.cuhk.edu.hk/converis/portal/Publication/468-0106
语言英式英语
Web of Science 学科类别Business & Economics; Economics; ECONOMICS
