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Keywords: Causal relationship
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Journal Articles
Corporate governance: institutional arrangement or market choice?: An analytical framework of simultaneous equations based on causal relationship
Available to Purchase
Journal:
Chinese Management Studies
Chinese Management Studies (2014) 8 (4): 717–744.
Published: 28 October 2014
..., by an analytical framework of simultaneous equations based on causal relationship. Furthermore, it will try to answer whether institutional arrangement maximizes the firm value, or an invisible hand pushes them to arrive at its maximum. Demsetz and Lehn (1985) made a pioneer empirical study...
