The Benefits and Costs of Group Affiliation : Evidence from East Asia

Claessens, Stijn, Lang, Larry H. P. and Fan, Joseph P. H. (2002). The Benefits and Costs of Group Affiliation : Evidence from East Asia. UNU-WIDER.

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  • Sub-type Discussion paper
    Author Claessens, Stijn
    Lang, Larry H. P.
    Fan, Joseph P. H.
    Title The Benefits and Costs of Group Affiliation : Evidence from East Asia
    Volume/Issue No. 2002/47
    Publication Date 2002
    Place of Publication Helsinki
    Publisher UNU-WIDER
    Pages 33
    Language eng
    Abstract

    This paper investigates the benefits and associated agency costs of using internal capital markets through affiliating with groups using data of two thousand firms from nine East Asian economies between 1994-6. We find that mature and slow-growing firms w

    Keyword Business enterprises
    Business networks
    Capital market
    Finance
    Copyright Holder UNU-WIDER
    Copyright Year 2002
    Copyright type Fair use permitted
    ISSN 16095774
    ISBN 9789291902170
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    Created: Fri, 12 Feb 2016, 13:22:14 JST