In the 1990s, a new ownership form called ‘joint-stock co-operative’ (gufen hezuozhi) became widely adopted in China’s township and village enterprise sector. The promising dynamics and high adaptive ability of the new ownership form is in contradiction with the conclusions suggested by the existing literature on industrial co-operatives and other types of employee ownership. To show the adapti...

This article aims to investigate whether institutional investors aid in lowering the cost of debt using a sample 311 nonfinancial firms listed on Stock Exchange Thailand (SET) over 2011–2020. All data were obtained from SETSMART database. Controlling for firm characteristics, industry effect, and year we analyze link between ownership pooled ordinary least squares fixed effects models find that...

The performance of Indian railways in the nineteenth century provides a great context to study the effects of state ownership on productivity and other aspects of operations. We rely on a key feature of the institutional background whereby the Government of India purchased a majority ownership stake in private railways at predetermined dates set by contracts negotiated decades before the compan...

This study examines the relationship between ownership structure and the financial performance of listed firms in the financial sector of the Nigerian economy. To achieve the objective of this study, a total of 31 selected listed firms in the Nigerian stock exchange market were used. Also, the corporate annual reports for the period 2006-2010 were analyzed. This paper basically modeled the corp...

much of the research on family firms is carried out in mature markets, a small but burgeoning literature has examined the role of family businesses in emerging markets characterised by an institutional void. We examine publicly listed family firms in Taiwan to shed light on a key debate: is family control beneficial because it fills the institutional void or is it harmful because it abuses it. ...