Publication
Sep 2001
The paper analyzes foreign portfolio equity investment and explores the conformance of governance institutions in the 12-country sample. The paper then introduces the intermediate variable of ownership type and examines each of three ownership types – private blockholders, employee-managers, and the state – for evidence that each ownership type supported or resisted governance changes in these countries. At the end it recaps the findings and summarizes their theoretical and public policy implications.
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English (PDF, 45 pages, 678 KB) |
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Author | James Shinn |
Series | East-West Center Working Papers |
Issue | 34 |
Publisher | East-West Center (EWC) |
Copyright | © 2001 East-West Center (EWC) |