five

Propping and Tunneling

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NBER2003-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w9949
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资源简介:
In countries with weak legal systems, there is a great deal of tunnelling by the entrepreneurs who control publicly traded firms. However, under some conditions entrepreneurs prop up their firms, i.e., they use their private funds to benefit minority shareholders. We provide evidence and a model
创建时间:
2003-09-01
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