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Networks, state ownership, and national institutions

Crawford School of Public Policy

Event details

Crawford Research Seminar

Date & time

Friday 04 March 2016
12.00pm–1.00pm

Venue

Seminar Room 8, Level 2, JG Crawford Building 132, Lennox Crossing, ANU

Speaker

Dr Richard W Carney, Crawford School, ANU.

Contacts

Llewelyn Hughes

Dr Richard Carney examines the performance implications of three distinctive features of corporate governance to East Asian firms: networks, state ownership, and national political institutions.

First, with a unique dataset for 1,290 large East Asian firms, Dr Carney examines whether political ties, family-business group affiliation, or professional networks more effectively buffer firm performance during the 2008 financial crisis. Second, with another unique dataset spanning 16 years and nine East Asian economies, Dr Carney examines how governments manage their ownership of large, publicly-listed enterprises and find that state ownership stakes change, yielding a performance smoothing effect. Third, Dr Carney argues that Dominant Party Authoritarian Regimes (e.g., Malaysia and Singapore), which now account for about one-third of all regimes in the world, are the most likely type of regime to host SOEs with mixed public-private ownership.

Richard Carney’s work focuses on business-government relations in East Asia, including the rise of state owned enterprises and sovereign wealth funds, the impact of business networks on firm performance, and the role of politics on corporate governance. His recent work has been published in the Journal of Financial Economics, the Bulletin of Indonesian Economic Studies, the Review of International Political Economy, and the Journal of East Asian Studies. He has a PhD from UC San Diego, and taught in Singapore before joining the ANU.

The Crawford School Research Seminar (CSRS) is a forum for scholars from across Crawford School of Public Policy to share their research and receive input from faculty and doctoral candidates on works-in-progress.

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