Government expropriation and Chinese-style firm diversification
In China, government expropriation leads to business diversification. * Private entrepreneurs have to nurture close relationships and win trust from bureaucrats. * Private entrepreneurs acquire the relationship-specific rights to do business. * Private entrepreneurs can leverage their privileges into new business lines. * This often involves over-diversification with efficiency losses. Firm diversification across unrelated businesses is prevalent in many emerging economies, in contrast to the practices in developed economies. A fundamental difference between these two types of economies concer... Mehr ...
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Dokumenttyp: | Artikel |
Reihe/Periodikum: | Journal of comparative economics |
Verlag/Hrsg.: |
Amsterdam,
Elsevier
|
Sprache: | Englisch |
ISSN: | 0147-5967 |
Weitere Identifikatoren: | doi: 10.1016/j.jce.2014.07.003 |
Permalink: | https://search.fid-benelux.de/Record/olc-benelux-1965000916 |
URL: | NULL NULL |
Datenquelle: | Online Contents Benelux; Originalkatalog |
Powered By: | Verbundzentrale des GBV (VZG) |
Link(s) : | http://dx.doi.org/10.1016/j.jce.2014.07.003
http://dx.doi.org/10.1016/j.jce.2014.07.003 |