Details about Randall Morck

Homepage:	http://www.bus.ualberta.ca/rmorck/
Workplace:	School of Business, University of Alberta, (more information at EDIRC)

Access statistics for papers by Randall Morck.

Last updated 2023-05-10. Update your information in the RePEc Author Service.

Short-id: pmo146

---

Jump to Journal Articles Books Edited books Chapters

Working Papers

2024

1. Personal Bankruptcy Law and Innovation around the World
   NBER Working Papers, National Bureau of Economic Research, Inc

2023

2. Indexing and the Incorporation of Exogenous Information Shocks to Stock Prices
   NBER Working Papers, National Bureau of Economic Research, Inc

2022

3. Idiosyncrasy as a Leading Indicator
   NBER Working Papers, National Bureau of Economic Research, Inc

2021

4. Business Groups: Panics, Runs, Organ Banks and Zombie Firms
   NBER Working Papers, National Bureau of Economic Research, Inc
5. Kindleberger Cycles: Method in the madness of crowds?
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)

2020

6. Corporate Governance, Business Group Governance and Economic Development Traps
   NBER Working Papers, National Bureau of Economic Research, Inc

2019

7. Bank of Japan Equity Purchases: The (Non-)Effects of Extreme Quantitative Easing
   NBER Working Papers, National Bureau of Economic Research, Inc
8. Business Groups and the Incorporation of Firm-specific Shocks into Stock Prices
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
   See also Journal Article Business groups and the incorporation of firm-specific shocks into stock prices, Journal of Financial Economics, Elsevier (2021) View citations (7) (2021)

2017

9. East Asian Financial and Economic Development
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
   Also in Working Papers, eSocialSciences (2017) View citations (2)
10. Governance and Stakeholders
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)

2016

11. Japan’s Ultimately Unaccursed Natural Resources-Financed Industrialization
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article Japan's ultimately unaccursed natural resources-financed industrialization, Journal of the Japanese and International Economies, Elsevier (2018) (2018)
    Chapter Japan's Ultimately Unaccursed Natural Resources-financed Industrialization, NBER Chapters, National Bureau of Economic Research, Inc (2018) View citations (1) (2018)
12. What do we learn from stock price reactions to China’s first announcement of anti-corruption reforms?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (18)

2015

13. Business Groups in Canada: Their Rise and Fall, and Rise and Fall Again
    NBER Working Papers, National Bureau of Economic Research, Inc

2014

14. Powerful Independent Directors
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
    See also Journal Article Powerful independent directors, Financial Management, Financial Management Association International (2021) View citations (8) (2021)

2013

15. Incentives and Outcomes: China's Environmental Policy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (31)
16. Productivity Growth and Stock Returns: Firm- and Aggregate-Level Analyses
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
    See also Journal Article Productivity growth and stock returns: firm- and aggregate-level analyses, Applied Economics, Taylor & Francis Journals (2016) View citations (3) (2016)
17. R-squared and the Economy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
18. State-run Banks, Money Growth, and the Real Economy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
    See also Journal Article State-Run Banks, Money Growth, and the Real Economy, Management Science, INFORMS (2019) View citations (5) (2019)
19. The Great Pyramids of America: A Revised History of US Business Groups, Corporate Ownership and Regulation, 1930-1950
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (15)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2013) View citations (2)

2012

20. Family Ties, Inheritance Rights, and Successful Poverty Alleviation: Evidence from Ghana
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
    See also Chapter Family Ties, Inheritance Rights, and Successful Poverty Alleviation: Evidence from Ghana, NBER Chapters, National Bureau of Economic Research, Inc (2014) (2014)

2011

21. Adoptive Expectations: Rising Sons in Japanese Family Firms
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
    See also Journal Article Adoptive expectations: Rising sons in Japanese family firms, Journal of Financial Economics, Elsevier (2013) View citations (90) (2013)
22. Capitalizing China
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    See also Book Capitalizing China, NBER Books, National Bureau of Economic Research, Inc (2012) (2012)
23. Economics, History, and Causation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (21)
    See also Journal Article Economics, History, and Causation, Business History Review, Cambridge University Press (2011) View citations (21) (2011)
24. Finance and Governance in Developing Economies
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    See also Journal Article Finance and Governance in Developing Economies, Annual Review of Financial Economics, Annual Reviews (2011) View citations (1) (2011)
25. Monetary and Fiscal Stimuli, Ownership Structure, and China's Housing Market
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (41)
    Also in Ratio Working Papers, The Ratio Institute (2011) View citations (57)

2010

26. Agency Problems and the Fate of Capitalism
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
27. Information, analysts, and stock return comovement
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
    See also Journal Article Information, Analysts, and Stock Return Comovement, The Review of Financial Studies, Society for Financial Studies (2015) View citations (60) (2015)
28. Must Love Kill the Family Firm?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
29. Shareholder Democracy in Canada
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
30. The Shanxi Banks
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)

2009

31. Banking System Control, Capital Allocation, and Economy Performance
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
    See also Journal Article Banking system control, capital allocation, and economy performance, Journal of Financial Economics, Elsevier (2011) View citations (51) (2011)
32. Characteristics of Observed Limit Order Demand and Supply Schedules for Individual Stocks
    NBER Working Papers, National Bureau of Economic Research, Inc
33. Generalized Agency Problems
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
34. Never Waste a Good Crisis: An Historical Perspective on Comparative Corporate Governance
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
    See also Journal Article Never Waste a Good Crisis: An Historical Perspective on Comparative Corporate Governance, Annual Review of Financial Economics, Annual Reviews (2009) View citations (6) (2009)
35. The Riddle of the Great Pyramids
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
36. Vertical Integration, Institutional Determinants and Impact: Evidence from China
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)

2008

37. Big Business Stability and Social Welfare
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Chapter Big Business Stability and Social Welfare, NBER Chapters, National Bureau of Economic Research, Inc (2009) (2009)
38. Innocents Abroad: The Hazards of International Joint Ventures with Pyramidal Group Firms
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)

2007

39. Business Groups and the Big Push: Meiji Japan's Mass Privatization and Subsequent Growth
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (31)
    See also Journal Article Business Groups and the Big Push: Meiji Japan's Mass Privatization and Subsequent Growth, Enterprise & Society, Cambridge University Press (2007) View citations (46) (2007)
40. Creative Destruction and Firm-Specific Performance Heterogeneity
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
    See also Journal Article Creative destruction and firm-specific performance heterogeneity, Journal of Financial Economics, Elsevier (2008) View citations (63) (2008)
41. Does"good government"draw foreign capital ? Explaining China's exceptional foreign direct investment inflow
    Policy Research Working Paper Series, The World Bank View citations (5)
42. Institutions and Foreign Investment: China versus the World
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)

2006

43. Big Business Stability and Economic Growth: Is What's Good for General Motors Good for America?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
    See also Journal Article Big business stability and economic growth: Is what's good for General Motors good for America?, Journal of Financial Economics, Elsevier (2008) View citations (62) (2008)
44. Corporations
    Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research View citations (5)
45. How to Eliminate Pyramidal Business Groups: The Double Taxation of Inter-corporate Dividends and other Incisive Uses of Tax Policy
    CEI Working Paper Series, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University View citations (3)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations (14)
    See also Chapter How to Eliminate Pyramidal Business Groups: The Double Taxation of Intercorporate Dividends and Other Incisive Uses of Tax Policy, NBER Chapters, National Bureau of Economic Research, Inc (2005) View citations (39) (2005)
46. Purifying Japan's Banks: Issues and Implications
    Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research View citations (3)
    See also Journal Article Purifying Japan's Banks: Issues and Implications, Asian Economic Papers, MIT Press (2006) View citations (4) (2006)
47. Trade Liberalization and Institutional Change
    Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research
    Also in Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research (2005)

2005

48. The Global History of Corporate Governance: An Introduction
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (63)
    See also Chapter The Global History of Corporate Governance: An Introduction, NBER Chapters, National Bureau of Economic Research, Inc (2005) View citations (59) (2005)
49. When Labor Has a Voice in Corporate Governance
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
    See also Journal Article When Labor Has a Voice in Corporate Governance, Journal of Financial and Quantitative Analysis, Cambridge University Press (2006) View citations (103) (2006)

2004

50. Been There, Done That: The History of Corporate Ownership in Japan
    CEI Working Paper Series, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University View citations (3)
51. Behavioral Finance in Corporate Governance - Independent Directors, Non-Executive Chairs, and the Importance of the Devil's Advocate
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
52. Behavioral Finance in Corporate Governance-Independent Directors and Non-Executive Chairs
    Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research View citations (9)
53. Corporate Governance, Economic Entrenchment and Growth
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (58)
    Also in Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics (2004) View citations (42)
54. Corporate Stability and Economic Growth
    Econometric Society 2004 North American Winter Meetings, Econometric Society View citations (2)
    Also in William Davidson Institute Working Papers Series, William Davidson Institute at the University of Michigan (2003) View citations (15)
    CEI Working Paper Series, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University (2003) View citations (17)
55. Heterogeneous Investors and their Changing Demand and Supply Schedules for Individual Common Stocks
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
    Also in Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research (2004) View citations (3)
56. Patterns of Comovement: The Role of Information Technology in the U.S. Economy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
57. Special issues relating to corporate governance and family control
    Policy Research Working Paper Series, The World Bank View citations (16)
58. The Rise and Fall of the Widely Held Firm - A History of Corporate Ownership in Canada
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
    See also Chapter The Rise and Fall of the Widely Held Firm: A History of Corporate Ownership in Canada, NBER Chapters, National Bureau of Economic Research, Inc (2005) View citations (23) (2005)

2003

59. Family Control and the Rent-Seeking Society
    William Davidson Institute Working Papers Series, William Davidson Institute at the University of Michigan View citations (22)
60. Firm-Specific Variation and Openness in Emerging Markets
    William Davidson Institute Working Papers Series, William Davidson Institute at the University of Michigan View citations (2)
    See also Journal Article Firm-Specific Variation and Openness in Emerging Markets, The Review of Economics and Statistics, MIT Press (2004) View citations (94) (2004)
61. Why Some Double Taxation Might Make Sense: The Special Case of Inter-corporate Dividends
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (20)

2001

62. Capital Markets and Capital Allocation: Implications for Economies in Transition
    William Davidson Institute Working Papers Series, William Davidson Institute at the University of Michigan View citations (4)
    See also Journal Article Capital markets and capital allocation: Implications for economies in transition, The Economics of Transition, The European Bank for Reconstruction and Development (2004) View citations (45) (2004)
63. Does Firm-specific Information in Stock Prices Guide Capital Allocation?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
64. Japanese Economic Success and the Curious Characteristics of Japanese Stock Prices
    CEI Working Paper Series, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University View citations (2)
65. Les determinants economiques de l'innovation
    Working Papers, Gouvernement du Canada - Industry Canada
66. The Mysterious Growing Value of S&P 500 Membership
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (21)

2000

67. Japanese Corporate Governance and Macroeconomic Problems
    Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research View citations (13)
    See also Chapter Japanese Corporate Governance and Macroeconomic Problems, Palgrave Macmillan Books, Palgrave Macmillan (2001) View citations (3) (2001)

1999

68. Demand Curves for Stocks Do Slope Down: New Evidence From An Index Weights Adjustment
    Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research View citations (4)
    See also Journal Article Demand Curves for Stocks Do Slope Down: New Evidence from an Index Weights Adjustment, Journal of Finance, American Finance Association (2000) View citations (161) (2000)
69. The Information Content of Stock Markets: Why Do Emerging Markets Have Synchronous Stock Price Movements?
    Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research View citations (7)
    Also in William Davidson Institute Working Papers Series, William Davidson Institute at the University of Michigan (1999) View citations (85)

1998

70. Inherited Wealth, Corporate Control and Economic Growth
    William Davidson Institute Working Papers Series, William Davidson Institute at the University of Michigan View citations (87)
71. Inherited Wealth, Corporate Control and Economic Growth: The Canadian Disease
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (63)
    See also Chapter Inherited Wealth, Corporate Control, and Economic Growth The Canadian Disease?, NBER Chapters, National Bureau of Economic Research, Inc (2000) View citations (270) (2000)

1997

72. The Information Content of Stock Markets: Why Do Emerging Markets Have So Little Firm-Specific Risk?
    Working Papers, Research Seminar in International Economics, University of Michigan
73. Why Investors Sometimes Value Size and Diversification: The Internalization Theory of Synergy
    Working Papers, Research Seminar in International Economics, University of Michigan View citations (2)

1994

74. Rent Seeking and Protectionism in the American Steel Industry: An Empirical Analysis
    Working Papers, Research Seminar in International Economics, University of Michigan
75. Value and Information (A Profit Maximizing Strategy for Maxwell's Demon)
    Working Papers, Santa Fe Institute

1991

76. Income Shifting in U.S. Multinational Corporations
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
    Also in Working Papers, Research Seminar in International Economics, University of Michigan (1991) View citations (3)
    See also Chapter Income Shifting in U.S. Multinational Corporations, NBER Chapters, National Bureau of Economic Research, Inc (1993) View citations (53) (1993)
77. Internationalization: an Event Study
    Working Papers, Research Seminar in International Economics, University of Michigan View citations (3)
78. Why Investors Value Multinationality
    Working Papers, Research Seminar in International Economics, University of Michigan View citations (310)
    See also Journal Article Why Investors Value Multinationality, The Journal of Business, University of Chicago Press (1991) View citations (311) (1991)

1990

79. Do Managerial Objectives Drive Bad Acquisitions?
    Scholarly Articles, Harvard University Department of Economics View citations (681)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1989) View citations (5)
    See also Journal Article Do Managerial Objectives Drive Bad Acquisitions?, Journal of Finance, American Finance Association (1990) View citations (698) (1990)

1988

80. Alternative Mechanisms for Corporate Control
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (16)
    Also in Working Papers, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State (1988) View citations (1)
    See also Journal Article Alternative Mechanisms for Corporate Control, American Economic Review, American Economic Association (1989) View citations (250) (1989)
81. Management ownership and market valuation
    Scholarly Articles, Harvard University Department of Economics View citations (2119)

1987

82. Characteristics of Hostile and Friendly Takeover Targets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)

1986

83. Management Ownership and Corporate Performance: An Empirical Analysis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)

1985

84. How Does the Market Value Unfunded Pension Liabilities?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (17)
    See also Chapter How Does the Market Value Unfunded Pension Liabilities?, NBER Chapters, National Bureau of Economic Research, Inc (1987) View citations (24) (1987)

1984

85. Funding and Asset Allocation in Corporate Pension Plans: An Empirical Investigation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    See also Chapter Funding and Asset Allocation in Corporate Pension Plans: An Empirical Investigation, NBER Chapters, National Bureau of Economic Research, Inc (1987) View citations (23) (1987)

1982

86. Pension Funding Decisions, Interest Rate Assumptions and Share Prices
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
    See also Chapter Pension Funding Decisions, Interest Rate Assumptions, and Share Prices, NBER Chapters, National Bureau of Economic Research, Inc (1983) View citations (23) (1983)

Journal Articles

2021

1. Business groups and the incorporation of firm-specific shocks into stock prices
   Journal of Financial Economics, 2021, 139, (3), 852-871 View citations (7)
   See also Working Paper Business Groups and the Incorporation of Firm-specific Shocks into Stock Prices, NBER Working Papers (2019) View citations (1) (2019)
2. Business groups and the study of international business: A Coasean synthesis and extension
   Journal of International Business Studies, 2021, 52, (2), 161-211 View citations (9)
3. Powerful independent directors
   Financial Management, 2021, 50, (4), 935-983 View citations (8)
   See also Working Paper Powerful Independent Directors, NBER Working Papers (2014) View citations (13) (2014)

2020

4. How institutional development news moves an emerging market
   Journal of Business Research, 2020, 112, (C), 300-319 View citations (1)

2019

5. State-Run Banks, Money Growth, and the Real Economy
   Management Science, 2019, 65, (12), 5914-5932 View citations (5)
   See also Working Paper State-run Banks, Money Growth, and the Real Economy, NBER Working Papers (2013) View citations (3) (2013)
6. The great pyramids of America: A revised history of U.S. business groups, corporate ownership, and regulation, 1926–1950
   Strategic Management Journal, 2019, 40, (5), 781-808 View citations (12)

2018

7. Japan's ultimately unaccursed natural resources-financed industrialization
   Journal of the Japanese and International Economies, 2018, 47, (C), 32-54
   See also Working Paper Japan’s Ultimately Unaccursed Natural Resources-Financed Industrialization, NBER Working Papers (2016) (2016)
   Chapter Japan's Ultimately Unaccursed Natural Resources-financed Industrialization, NBER Chapters, 2018 (2018) View citations (1) (2018)

2017

8. Institutional determinants of vertical integration in China
   Journal of Corporate Finance, 2017, 44, (C), 524-539 View citations (19)

2016

9. China in Asia
   China Economic Review, 2016, 40, (C), 297-308 View citations (6)
10. Investors’ Interacting Demand and Supply Curves for Common Stocks
    Review of Finance, 2016, 20, (4), 1517-1547 View citations (4)
11. Productivity growth and stock returns: firm- and aggregate-level analyses
    Applied Economics, 2016, 48, (38), 3644-3664 View citations (3)
    See also Working Paper Productivity Growth and Stock Returns: Firm- and Aggregate-Level Analyses, NBER Working Papers (2013) View citations (3) (2013)

2015

12. China’s Pseudo-monetary Policy
    Review of Finance, 2015, 19, (1), 55-93 View citations (20)
13. Information, Analysts, and Stock Return Comovement
    The Review of Financial Studies, 2015, 28, (11), 3153-3187 View citations (60)
    See also Working Paper Information, analysts, and stock return comovement, NBER Working Papers (2010) View citations (11) (2010)

2014

14. Corporate Governance in China
    Journal of Applied Corporate Finance, 2014, 26, (3), 20-41 View citations (6)
15. Regional Brain Changes Occurring during Disobedience to “Experts” in Financial Decision-Making
    PLOS ONE, 2014, 9, (1), 1-10 View citations (1)

2013

16. Adoptive expectations: Rising sons in Japanese family firms
    Journal of Financial Economics, 2013, 108, (3), 840-854 View citations (90)
    See also Working Paper Adoptive Expectations: Rising Sons in Japanese Family Firms, NBER Working Papers (2011) View citations (12) (2011)
17. R 2 and the Economy
    Annual Review of Financial Economics, 2013, 5, (1), 143-166 View citations (3)

2011

18. Banking system control, capital allocation, and economy performance
    Journal of Financial Economics, 2011, 100, (2), 264-283 View citations (51)
    See also Working Paper Banking System Control, Capital Allocation, and Economy Performance, NBER Working Papers (2009) View citations (3) (2009)
19. Economics, History, and Causation
    Business History Review, 2011, 85, (1), 39-63 View citations (21)
    See also Working Paper Economics, History, and Causation, NBER Working Papers (2011) View citations (21) (2011)
20. Finance and Governance in Developing Economies
    Annual Review of Financial Economics, 2011, 3, (1), 375-406 View citations (1)
    See also Working Paper Finance and Governance in Developing Economies, NBER Working Papers (2011) View citations (1) (2011)
21. Must Love Kill the Family Firm? Some Exploratory Evidence
    Entrepreneurship Theory and Practice, 2011, 35, (6), 1121-1148 View citations (19)
22. Varying Heterogeneity among U.S. Firms: Facts and Implications
    The Review of Economics and Statistics, 2011, 93, (3), 1034-1052 View citations (12)

2010

23. Corporatism and the Ghost of the Third Way
    Capitalism and Society, 2010, 5, (3), 61 View citations (1)
24. Trade Liberalization and Institutional Reform
    Asian Economic Papers, 2010, 9, (2), 44-71 View citations (1)

2009

25. Institutions and Foreign Direct Investment: China versus the Rest of the World
    World Development, 2009, 37, (4), 852-865 View citations (42)
26. Never Waste a Good Crisis: An Historical Perspective on Comparative Corporate Governance
    Annual Review of Financial Economics, 2009, 1, (1), 145-179 View citations (6)
    See also Working Paper Never Waste a Good Crisis: An Historical Perspective on Comparative Corporate Governance, NBER Working Papers (2009) View citations (6) (2009)

2008

27. Behavioral finance in corporate governance: economics and ethics of the devil’s advocate
    Journal of Management & Governance, 2008, 12, (2), 179-200 View citations (24)
28. Big business stability and economic growth: Is what's good for General Motors good for America?
    Journal of Financial Economics, 2008, 89, (1), 83-108 View citations (62)
    See also Working Paper Big Business Stability and Economic Growth: Is What's Good for General Motors Good for America?, NBER Working Papers (2006) View citations (14) (2006)
29. Comment on "Family Values or Crony Capitalism?" (Harold James)
    Capitalism and Society, 2008, 3, (1), 7
30. Creative destruction and firm-specific performance heterogeneity
    Journal of Financial Economics, 2008, 89, (1), 109-135 View citations (63)
    See also Working Paper Creative Destruction and Firm-Specific Performance Heterogeneity, NBER Working Papers (2007) View citations (8) (2007)
31. Participação acionária da administração e valoração no mercado: uma análise empírica
    RAE - Revista de Administração de Empresas, 2008, 48, (2)
32. Perspectives on China's outward foreign direct investment
    Journal of International Business Studies, 2008, 39, (3), 337-350 View citations (93)

2007

33. Business Groups and the Big Push: Meiji Japan's Mass Privatization and Subsequent Growth
    Enterprise & Society, 2007, 8, (3), 543-601 View citations (46)
    See also Working Paper Business Groups and the Big Push: Meiji Japan's Mass Privatization and Subsequent Growth, NBER Working Papers (2007) View citations (31) (2007)
34. History in perspective: comment on Jones and Khanna ‘Bringing history (back) into international business’
    Journal of International Business Studies, 2007, 38, (2), 357-360 View citations (6)

2006

35. Purifying Japan's Banks: Issues and Implications
    Asian Economic Papers, 2006, 5, (1), 1-32 View citations (4)
    See also Working Paper Purifying Japan's Banks: Issues and Implications, Harvard Institute of Economic Research Working Papers (2006) View citations (3) (2006)
36. When Labor Has a Voice in Corporate Governance
    Journal of Financial and Quantitative Analysis, 2006, 41, (3), 489-510 View citations (103)
    See also Working Paper When Labor Has a Voice in Corporate Governance, NBER Working Papers (2005) View citations (12) (2005)

2005

37. Dividend Taxation and Corporate Governance
    Journal of Economic Perspectives, 2005, 19, (3), 163-180 View citations (36)

2004

38. ASEAN and FTAA: External Threats and Internal Institutional Weaknesses
    Business and Politics, 2004, 6, (1), 1-45 View citations (2)
    Also in Business and Politics, 2004, 6, (1), 1-43 (2004) View citations (2)
39. Capital markets and capital allocation: Implications for economies in transition
    The Economics of Transition, 2004, 12, (4), 593-634 View citations (45)
    See also Working Paper Capital Markets and Capital Allocation: Implications for Economies in Transition, William Davidson Institute Working Papers Series (2001) View citations (4) (2001)
40. Family Control and the Rent–Seeking Society
    Entrepreneurship Theory and Practice, 2004, 28, (4), 391-409 View citations (22)
41. Firm-Specific Variation and Openness in Emerging Markets
    The Review of Economics and Statistics, 2004, 86, (3), 658-669 View citations (94)
    See also Working Paper Firm-Specific Variation and Openness in Emerging Markets, William Davidson Institute Working Papers Series (2003) View citations (2) (2003)

2003

42. Agency Problems in Large Family Business Groups
    Entrepreneurship Theory and Practice, 2003, 27, (4), 367-382 View citations (282)
43. Does Greater Firm‐Specific Return Variation Mean More or Less Informed Stock Pricing?
    Journal of Accounting Research, 2003, 41, (5), 797-836 View citations (320)

2002

44. The Puzzle of the Harmonious Stock Prices
    World Economics, 2002, 3, (3), 105-119 View citations (4)
45. Transport, Access and Economic Growth
    World Economics, 2002, 3, (2), 75-91 View citations (2)

2001

46. Entrepreneurship, globalization, and public policy
    Journal of International Management, 2001, 7, (3), 235-251 View citations (20)
47. Habitual and Occasional Lobbyers in the U.S. Steel Industry: An EM Algorithm Pooling Approach
    Economic Inquiry, 2001, 39, (3), 365-78 View citations (15)

2000

48. Banks, Ownership Structure, and Firm Value in Japan
    The Journal of Business, 2000, 73, (4), 539-67 View citations (157)
49. Bring China into the WTO
    Japan and the World Economy, 2000, 12, (3), 289-294
50. Demand Curves for Stocks Do Slope Down: New Evidence from an Index Weights Adjustment
    Journal of Finance, 2000, 55, (2), 893-912 View citations (161)
    See also Working Paper Demand Curves for Stocks Do Slope Down: New Evidence From An Index Weights Adjustment, Harvard Institute of Economic Research Working Papers (1999) View citations (4) (1999)

1999

51. Banks and Corporate Control in Japan
    Journal of Finance, 1999, 54, (1), 319-339 View citations (310)

1998

52. Changes in Management Ownership and the Valuation Effects of Equity Offerings
    Journal of Management & Governance, 1998, 2, (4), 297-309 View citations (1)

1996

53. On the Mercantilist Objective of Canadian State-Owned Enterprises
    Canadian Journal of Economics, 1996, 29, (s1), 249-55
54. Rent Seeking, Protectionism and Innovation in the American Steel Industry
    Economic Journal, 1996, 106, (435), 410-21 View citations (51)

1992

55. Internalization: An event study test
    Journal of International Economics, 1992, 33, (1-2), 41-56 View citations (142)

1991

56. Why Investors Value Multinationality
    The Journal of Business, 1991, 64, (2), 165-87 View citations (311)
    See also Working Paper Why Investors Value Multinationality, Working Papers (1991) View citations (310) (1991)

1990

57. Do Managerial Objectives Drive Bad Acquisitions?
    Journal of Finance, 1990, 45, (1), 31-48 View citations (698)
    See also Working Paper Do Managerial Objectives Drive Bad Acquisitions?, Scholarly Articles (1990) View citations (681) (1990)
58. The Stock Market and Investment: Is the Market a Sideshow?
    Brookings Papers on Economic Activity, 1990, 21, (2), 157-216 View citations (265)

1989

59. Alternative Mechanisms for Corporate Control
    American Economic Review, 1989, 79, (4), 842-52 View citations (250)
    See also Working Paper Alternative Mechanisms for Corporate Control, NBER Working Papers (1988) View citations (16) (1988)
60. The Valuation of Forestry Resources under Stochastic Prices and Inventories
    Journal of Financial and Quantitative Analysis, 1989, 24, (4), 473-487 View citations (61)

1988

61. Management ownership and market valuation: An empirical analysis
    Journal of Financial Economics, 1988, 20, (1-2), 293-315 View citations (2072)

Books

2012

1. Capitalizing China
   NBER Books, National Bureau of Economic Research, Inc
   See also Working Paper Capitalizing China, NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (1) (2011)

2005

2. A History of Corporate Governance around the World: Family Business Groups to Professional Managers
   NBER Books, National Bureau of Economic Research, Inc View citations (136)

2000

3. Concentrated Corporate Ownership
   NBER Books, National Bureau of Economic Research, Inc View citations (336)

Edited books

2012

1. Capitalizing China
   National Bureau of Economic Research Books, University of Chicago Press

2007

2. A History of Corporate Governance around the World
   National Bureau of Economic Research Books, University of Chicago Press View citations (37)

2000

3. Concentrated Corporate Ownership
   National Bureau of Economic Research Books, University of Chicago Press View citations (633)

Chapters

2020

1. Comments on “From Commodity to Fiat and Now to Crypto: What Does History Tell Us?” — Back to the Future with Cryptocurrencies
   Chapter 5 in DIGITAL CURRENCY ECONOMICS AND POLICY, 2020, pp 40-42 View citations (1)
2. From Commodity to Fiat and Now to Crypto: What Does History Tell Us?
   Chapter 4 in DIGITAL CURRENCY ECONOMICS AND POLICY, 2020, pp 17-39

2018

3. Japan's Ultimately Unaccursed Natural Resources-financed Industrialization
   A chapter in Corporate Governance (NBER-TCER-CEPR Conference), 2018 View citations (1)
   See also Journal Article Japan's ultimately unaccursed natural resources-financed industrialization, Elsevier (2018) (2018)
   Working Paper Japan’s Ultimately Unaccursed Natural Resources-Financed Industrialization, National Bureau of Economic Research, Inc (2016) (2016)

2014

4. Family Ties, Inheritance Rights, and Successful Poverty Alleviation: Evidence from Ghana
   A chapter in African Successes, Volume II: Human Capital, 2014, pp 215-252
   See also Working Paper Family Ties, Inheritance Rights, and Successful Poverty Alleviation: Evidence from Ghana, National Bureau of Economic Research, Inc (2012) View citations (13) (2012)

2013

5. Entrepreneurship and the Family Firm
   Elsevier View citations (6)

2012

6. Front matter, table of contents, acknowledgments
   A chapter in Capitalizing China, 2012
7. List of Contributors, Indexes
   A chapter in Capitalizing China, 2012, pp 373-387
8. Translating Market Socialism with Chinese Characteristics into Sustained Prosperity
   A chapter in Capitalizing China, 2012, pp 1-32 View citations (5)

2011

9. The Rise and Fall of the Rishengchang bank model: Limiting Shareholder Influence to Attract Capital
   Palgrave Macmillan View citations (2)

2009

10. Big Business Stability and Social Welfare
    A chapter in Financial Sector Development in the Pacific Rim, 2009, pp 349-370
    See also Working Paper Big Business Stability and Social Welfare, National Bureau of Economic Research, Inc (2008) (2008)
11. Comment on "Did the Japanese Stock Market Appropriately Price the Takenaka Financial Reform?"
    A chapter in Financial Sector Development in the Pacific Rim, 2009, pp 345-348

2005

12. A Frog in a Well Knows Nothing of the Ocean: A History of Corporate Ownership in Japan
    A chapter in A History of Corporate Governance around the World: Family Business Groups to Professional Managers, 2005, pp 367-466 View citations (36)
13. How to Eliminate Pyramidal Business Groups: The Double Taxation of Intercorporate Dividends and Other Incisive Uses of Tax Policy
    A chapter in Tax Policy and the Economy, Volume 19, 2005, pp 135-179 View citations (39)
    See also Working Paper How to Eliminate Pyramidal Business Groups: The Double Taxation of Inter-corporate Dividends and other Incisive Uses of Tax Policy, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University (2006) View citations (3) (2006)
14. The Global History of Corporate Governance: An Introduction
    A chapter in A History of Corporate Governance around the World: Family Business Groups to Professional Managers, 2005, pp 1-64 View citations (59)
    See also Working Paper The Global History of Corporate Governance: An Introduction, National Bureau of Economic Research, Inc (2005) View citations (63) (2005)
15. The Rise and Fall of the Widely Held Firm: A History of Corporate Ownership in Canada
    A chapter in A History of Corporate Governance around the World: Family Business Groups to Professional Managers, 2005, pp 65-148 View citations (23)
    See also Working Paper The Rise and Fall of the Widely Held Firm - A History of Corporate Ownership in Canada, National Bureau of Economic Research, Inc (2004) View citations (9) (2004)
16. Who Owns Whom? Economic Nationalism and Family Controlled Pyramidal Groups in Canada
    Chapter 4 in Governance, Multinationals and Growth, 2005

2001

17. Japanese Corporate Governance and Macroeconomic Problems
    Palgrave Macmillan View citations (3)
    See also Working Paper Japanese Corporate Governance and Macroeconomic Problems, Harvard - Institute of Economic Research (2000) View citations (13) (2000)

2000

18. Inherited Wealth, Corporate Control, and Economic Growth The Canadian Disease?
    A chapter in Concentrated Corporate Ownership, 2000, pp 319-372 View citations (270)
    See also Working Paper Inherited Wealth, Corporate Control and Economic Growth: The Canadian Disease, National Bureau of Economic Research, Inc (1998) View citations (63) (1998)
19. Introduction to "Concentrated Corporate Ownership"
    A chapter in Concentrated Corporate Ownership, 2000, pp 1-16 View citations (30)

1993

20. Income Shifting in U.S. Multinational Corporations
    A chapter in Studies in International Taxation, 1993, pp 277-308 View citations (53)
    See also Working Paper Income Shifting in U.S. Multinational Corporations, National Bureau of Economic Research, Inc (1991) View citations (13) (1991)

1988

21. Characteristics of Targets of Hostile and Friendly Takeovers
    A chapter in Corporate Takeovers: Causes and Consequences, 1988, pp 101-136 View citations (119)

1987

22. Funding and Asset Allocation in Corporate Pension Plans: An Empirical Investigation
    A chapter in Issues in Pension Economics, 1987, pp 15-48 View citations (23)
    See also Working Paper Funding and Asset Allocation in Corporate Pension Plans: An Empirical Investigation, National Bureau of Economic Research, Inc (1984) View citations (5) (1984)
23. How Does the Market Value Unfunded Pension Liabilities?
    A chapter in Issues in Pension Economics, 1987, pp 81-110 View citations (24)
    See also Working Paper How Does the Market Value Unfunded Pension Liabilities?, National Bureau of Economic Research, Inc (1985) View citations (17) (1985)

1983

24. Pension Funding Decisions, Interest Rate Assumptions, and Share Prices
    A chapter in Financial Aspects of the United States Pension System, 1983, pp 177-210 View citations (23)
    See also Working Paper Pension Funding Decisions, Interest Rate Assumptions and Share Prices, National Bureau of Economic Research, Inc (1982) View citations (6) (1982)