PAPERS

"Big Business Stability and Social Welfare," with Kathy Fogel and Randall Morck 2007

"Perspectives on China's Outward Foreign Direct Investment," with Randall Morck and Minyuan Zhao 2007

"Big Business Stability and Economic Growth: Is What's Good for General Motors Good for America?", with Kathy Fogel and Randall Morck, forthcoming, /Journal of Financial Economics/, 2007

"Institutional Determinants of Vertical Integration: Evidence from China," with Joseph Fan, Jun Huang, and Randall Morck 2007

"Creative Destruction and Firm-Specific Performance Heterogeneity," with Hyunbae Chun, Jung-Wook Kim, and Randall Morck, 2007 NBER WP 13011, (Forthcoming, Journal of Financial Economics 2007)

"Corporate Governance and Managerial Risk Taking: Theory and Evidence," with Kose John and Lubomir Litov, 2007. (Forthcoming, Journal of Finance)

"Purifying Japan's Banks: Issues and Implications," with Randall Morck (Asian Economic Papers, MIT Press).

"Institutions and Foreign Direct Investment: China versus the World" with Joseph Fan, Randall Morck, and Lixin, Colin Xu 2007

"China's Lucky Corporate Governance," with Randall Mork and Minyuan Zhao, Peking University Business Forum, Sept 2005.

"Institutional Obstacles to Entrepreneurship," with Kathy Fogel, Ashton Hawk, and Randall Morck in "Oxford Handbook of Entrepreneurship", Mark Casson, Bernard Yeung, Anuradha Basu, and Nigel Wadeson, (eds.) Oxford University Press, 2006

"Using Capital Markets as Market Intelligence: Evidence from the Pharmaceutical Industry," with Dmitri G. Markovitch and Joel H. Steckel, Management Science, October 2005.


"Corporate Governance, Economic Entrenchment and Growth," with Randall Morck and Daniel Wolfenzon, Journal of Economic Literature, September, 2005.

"ASEAN Countries, External Threat, FTAA, and Internal Institutional Weaknesses," Business and Politics, with Yasheng Huang and Randall Morck, Vol. 6, Issue 1, May, 2004.

"Capital Markets and Capital Allocation: Implications for Economies in Transition," with Artyom Durnev, Kan Li, and Randall Morck, Economics of Transition, 2004.

"Dividend Taxation and Corporate Governance," with Randall Morck, Journal of Economic Perspectives, Summer, 2005.

"Firm-Specific Variation and Openness in Emerging Markets," with Kan Li, Randall Morck, and Fan Yang, Review of Economics and Statistics, Vol. 86, No.3, pp. 658-669(12), August, 2004.

"Does Greater Firm-specific Return Variation Mean More or Less Informed Stock Pricing?," with Artyom Durnev, Randall Morck, and Paul Zarowin, Journal of Accounting Research, Dec 2003.

"Law, Share Price Accuracy and Economic Performance: The New Evidence," with Artyom Durnev, Merritt Fox, and Randall Morck, Michigan Law Review, Dec 2003.

"Foreign Direct Investment and Host Industry Productivity: The Case of the American Automotive Parts Industry," with Wilbur Chung and Will Mitchell, the Journal of International Business Studies, March 2003.

"Agency Problems in Large Family Business Groups," with Randall Morck, Entrepreneurship: Theory and Practice, Vol. 27, Issue 4, pp. 367-382, Summer 2003.

"Family Control and the Rent-Seeking Society," with Randall Morck,
Entrepreneurship: Theory and Practice, forthcoming, 2003.

"Japanese Economic Success and the Curious Characteristics of Japanese Stock Prices, " with Randall Morck, IMF publication "Designing Financial Systems in East Asia and Japan" , (organized by IMF and Hitotsobashi University Economic Dept, edited by Kunio Saito and Juro Teranishi, Routledge Taylor & Francis Group), forthcoming, 2003.

"Value Enhancing Capital Budgeting and Firm-Specific Stock Returns Variation," with Artyom Durnev and Randall Morck Journal of Finance, forthcoming, 2003.

"Why Firms Diversify: Internalization vs. Agency Behavior," with Randall Morck, Intangible Assets edited by John Hand and Baruch Lev, Oxford University Press, 2003.

"The Economic Determinants of Innovation," with Randall Morck, in Productivity in Canada, edited by Someshwar Rao and Andrew Sharpe, published by Industry Canada, University of Calgary Press, 2002.

"Habitual and Non-Habitual Lobbyists in the US Steel Industry: An EM Algorithm Approach," with Randall Morck and Jungsywan Sepanski, Economic Inquiry, Vol. 39, No. 3, pp. 365-378, July, 2001.

"The Economics of Barter and Countertrade," edited with Rolf Mirus, Edward Elgar, 2001.

"E-commerce Readiness: Institutional Environment and International Competitiveness," with Joanne Oxley, Journal of International Business Studies, Vol. 32 No. 4, 2001.

"The Economic Underpinnings of a Knowledge-Based Economy," with Randall Morck, Ch. 2 in Doing Business in the Knowledge-Based Economy, Louis A. Lefebvre, Elisabeth Lefebvre and Pierre Mohnen (eds.), Kluwer Academic Publishers, 2001.

"The Information Content of Stock Markets: Why Do Emerging Markets Have Synchronous Stock Price Movements?" with Randall Morck and Wayne Yu, Journal of Financial Economics, Vol. 59, No. 1 and 2, pp. 215-260, October, 2000.

"Do Corporate Global Environmental Standards Create or Destroy Market Value," with Glen Dowell and Stuart Hart, Management Science, Vol. 46, No. 8, pp. 1059-1074, August, 2000.

"Inherited Wealth, Corporate Control, and Economic Growth," with Randall Morck and David Stangeland, in Concentrated Corporate Ownership, Randall Morck (ed.), the University of Chicago Press, pp. 319-369, 2000. (NBER working paper, #6814 1998.)

"The Effect of Own-Firm and Other Firms Experience on Foreign Direct Investment Survival in the U.S., 1987-1992," with Myles Shaver and Will Mitchell, Strategic Management Journal, Vol. 18 No. 10, pp. 811-824, November, 1997.

"Financial Regulation in the Global Economy as Property Rights," with Randall Morck, in Reforming the Canadian Financial Sector: Canada in Global Perspective, Thomas J. Courchene and Edwin H. Neave (eds), John Deutsche Institute for the Study of Economic Policy, Queen's University, Kingston, Ontario, Canada K7L 3N6, June 1997.

"Corporate Response," with Randall Morck, Industry Canada Policy Discussion Paper (commissioned policy discussion paper), Sept, 1996.

"Rent Seeking, Protectionism and Innovation in the American Steel Industry," with Stefanie Lenway and Randall Morck, Economic Journal, 106, pp. 410-421, March, 1996.

"An Empirical Investigation of Joint Venture Dynamics: Evidence from U.S. - Japan Ventures," with Masao Nakamura and Myles Shaver, International Journal of Industrial Organization, Vol. 14, pp. 521-541, 1996.

"Foreign Entry Survival and Foreign Market Share: Canadian Companies' Experience in the U.S. Medical Sector, 1968-1991," with Will Mitchell and Myles Shaver, Strategic Management Journal, Vol. 12, pp. 555-567, 1994.

"Performance Following Changes of International Presence in Domestic and Transition Industries," with Will Mitchell and J. Myles Shaver, Journal of International Business Studies, Vol. 24(4), 1993.

"Internalization: An Event Study Test," with Randall Morck, Journal of International Economics, Vol. 33, pp. 41-56, August, 1992.

"Getting There in a Global Industry: Effects on Performance of Changing International Presence," with Will Mitchell and J. Myles Shaver, Strategic Management Journal, Vol. 13, pp. 419-432, 1992.

"Why Investors Value Multinationality?" with Randall Morck, Journal of Business, Vol. 64 No. 2, pp. 165-187, April, 1991.

"Economic Incentives for Countertrade," with Rolf Mirus, Journal of International Business Studies, pp. 27-39, Fall 1986. (Reprinted in International Library of Critical Writings in Economics: Multinational Corporations, Mark Casson (ed.), London, U.K.: Elgar, July 1990).