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August 2011

Firm Characteristics and Informal Governance of Business Operations in the PRD, China

This paper describes the Chinese economic and institutional reform process as a gradual transition of an informal, relation-based governance system into a more formal and rule-based governance system.

© 2011 Kiel Institute for the World Economy

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Author:

Frank Bickenbach, Wan-Hsin Liu

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Issue:

1728

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