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  • Influence
Tunneling, Propping, and Expropriation: Evidence from Connected Party Transactions in Hong Kong
We examine a sample of 328 filings of "connected transactions" between Hong Kong listed companies and their controlling shareholders during 1998-2000. We address three questions: What types ofExpand
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Ownership concentration, firm performance, and dividend policy in Hong Kong
The relations among ownership concentration in family firms, firm performance, and dividend policy in Hong Kong are explored. Three questions are investigated: (1) Is firm operating performance andExpand
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Tunneling and Propping Up: An Analysis of Related Party Transactions by Chinese Listed Companies
We examine a sample of related party transactions between Chinese publicly listed firms and their controlling shareholders during 2001-2002. Minority shareholders in these firms seem to be subject toExpand
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Tunneling, Propping, and Expropriation: Evidence from Connected Party Transactions in Hong Kong
We examine a sample of 328 filings of "connected transactions" between Hong Kong listed companies and their controlling shareholders during 1998-2000. We address three questions: What types ofExpand
  • 338
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Buy High, Sell Low: How Listed Firms Price Asset Transfers in Related Party Transactions
We examine a sample of 254 related party and arms' length acquisitions and sales of assets in Hong Kong during 1998-2000. Our analysis shows that publicly listed firms enter deals with relatedExpand
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Reversing Corporate Diversification and the Use of the Proceeds from Asset Sales: The Case of Thorn EMI
The restructuring of Thorn EMI transformed a diversified conglomerate trading at a diversification discount into a focused music company, while creating considerable value for shareholders. At theExpand
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How Much Do Firms Pay as Bribes and What Benefits Do They Get? Evidence from Corruption Cases Worldwide
We analyze a hand-collected sample of 166 prominent bribery cases, involving 107 publicly listed firms from 20 stock markets that have been reported to have bribed government officials in 52Expand
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Helping Hand or Grabbing Hand? Central vs. Local Government Shareholders in Chinese Listed Firms
We analyze related party transactions between Chinese publicly listed firms and their state-owned shareholders to examine whether companies benefit or lose from the presence of governmentExpand
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A DISJOINT SET ALGORITHM FOR THE WATERSHED TRANSFORM
In this paper the implementation of a watershed transform based on Tarjan’s Union-Find algorithm is described. The algorithm computes the watershed as defined by Meyer in [4]. The algorithm consistsExpand
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Ownership Concentration and Executive Compensation in Closely Held Firms: Evidence from Hong Kong
Owners-managers of closely held firms effectively decide on the level of their own compensation. We test the relationship between ownership concentration and executive compensation, using panel dataExpand
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