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National culture and privatization: The relationship between collectivism and residual state ownership

Boubakri, Narjess, Guedhami, Omrane, Kwok, Chuck C Y, Saffar, Walid

Journal of International Business Studies · 2016 · Volume 47 · Issue 2

DOI: 10.1057/jibs.2015.38

Abstract

Using a large hand-collected database of 605 privatized firms from 48 countries, we examine the relationship between the collectivism measure of culture an

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