Governance and Expropriation

Edited by Larry H.P. Lang, Chair Professor of Finance, Department of Finance, Chinese University of Hong Kong

• Contents:AcknowledgementsIntroduction Larry H.P. LangPART INEW EVIDENCE OF THE OWNERSHIP STRUCTURE AROUND THE WORLD 1. Rafael La Porta, Florencio Lopez-de-Silanes and Andrei Shleifer (1999), ‘Corporate Ownership Around the World’2. Stijn Claessens, Simeon Djankov and Larry H.P. Lang (2000), ‘The Separation of Ownership and Control in East Asian Corporations’3. Mara Faccio and Larry H.P. Lang (2002), ‘The Ultimate Ownership of Western European Corporations’PART IIEXPROPRIATION OR TUNNELING 4. Mara Faccio, Larry H.P. Lang and Leslie Young (2001), ‘Dividends and Expropriation’5. Simon Johnson, Rafael La Porta, Florencio Lopez-de-Silanes and Andrei Shleifer (2000), ‘The Near Crash of 1998: Tunneling’PART IIIVALUE, INFORMATION AND THE SEPARATION OF OWNERSHIP FROM CONTROL 6. Stijn Claessens, Simeon Djankov, Joseph P.H. Fan and Larry H.P. Lang (2002), ‘Disentangling the Incentive and Entrenchment Effects of Large Shareholdings’7. Rafael La Porta, Florencio Lopez-de-Silanes, Andrei Shleifer and Robert Vishny (2002), ‘Investor Protection and Corporate Valuation’8. Karl V. Lins (2003), ‘Equity Ownership and Firm Value in Emerging Markets’9. Joseph P.H. Fan and T.J. Wong (2002), ‘Corporate Ownership Structure and the Informativeness of Accounting Earnings in East Asia’PART IVCOUNTRY STUDIES OF IMPACT OF SEPARATION OF OWNERSHIP FROM CONTROL 10. Marianne Bertrand, Paras Mehta and Sendhil Mullainathan (2002), ‘Ferreting out Tunneling: An Application to Indian Business Groups’11. Kee-Hong Bae, Jun-Koo Kang and Jin-Mo Kim (2002), ‘Tunneling or Value Added? Evidence from Mergers by Korean Business Groups’12. Sung Wook Joh (2003), ‘Corporate Governance and Firm Profitability: Evidence from Korea before the Economic Crisis’13. Kenneth A. Kim, Pattanaporn Kitsabunnarat and John R. Nofsinger (2004), ‘Ownership and Operating Performance in an Emerging Market: Evidence from Thai IPO Firms’14. Yupana Wiwattanakantang (2001), ‘Controlling Shareholders and Corporate Value: Evidence from Thailand’15. Yin-Hua Yeh, Tsun-Siou Lee and Tracie Woidtke (2001), ‘Family Control and Corporate Governance: Evidence from Taiwan’Name Index