With the new and emerging economies searching for the ...

New York University Harvard University. 44 West Fourth Street Morgan 483 ... pick their optimal governance structure and investment level. The answer to this question can be expressed in terms of values of the firms in questions. For a given economy , if is lower than a cut-off level, then insider systems dominate. If exceeds a cut-off level then outsider systems are optimal. The cut-off ... ................
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