Bureaucrat-managers and corporate governance: expense-preference behaviors in Japanese financial institutions
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چکیده
This paper investigates the expense-preference behaviors of Japanese financial institutions. We found that financial institutions employing retired government officials as board members held more employees than those that did not. Thus, Amakudari likely produces the cozy relationship between regulators and the regulated. 1998 Elsevier Science S.A. All rights reserved.
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تاریخ انتشار 1998