Tor Eriksson: Department of Economics, Aarhus School of Business, Postal: The Aarhus School of Business, Prismet, Silkeborgvej 2, DK 8000 Aarhus C, Denmark
Abstract: I am grateful to Dansk Management Forum for providing me the data used in the paper, to the Danish Social Science Research Council for financial support, and to Jingkun Li for useful research assistance. An earlier version of the paper was presented at the 2002 Academy of International Business Conference in Shanghai, in July 2002. Morten Bennedsen’s and Paul Bingley’s comments on an earlier version are much appreciated.
15 pages, November 1, 2003
Note: Published in: Corporate Ownership and Control, 2005 (2), 87-93
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