Family Control and the Rent-Seeking Society

49 Pages Posted: 19 Aug 2004

See all articles by Randall Morck

Randall Morck

University of Alberta - Department of Finance and Statistical Analysis; National Bureau of Economic Research (NBER); European Corporate Governence Institute; Asian Bureau of Finance and Economic Research

Bernard Yin Yeung

National University of Singapore - Business School

Multiple version iconThere are 2 versions of this paper

Date Written: June 2003

Abstract

The small number of very large family-controlled corporate groups in many countries combined with their long continuity of control and ability to act discretely give these organizations a comparative advantage in political rent-seeking. This advantage is a key part of a self-reinforcing system whereby oligarchic family corporate control, political rent seeking, and low general levels of trust combine to stymie growth.

Suggested Citation

Morck, Randall K. and Yeung, Bernard Yin, Family Control and the Rent-Seeking Society (June 2003). William Davidson Institute Working Paper No. 585. Available at SSRN: https://ssrn.com/abstract=577802 or http://dx.doi.org/10.2139/ssrn.577802

Randall K. Morck (Contact Author)

University of Alberta - Department of Finance and Statistical Analysis ( email )

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National Bureau of Economic Research (NBER)

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European Corporate Governence Institute ( email )

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Asian Bureau of Finance and Economic Research ( email )

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Bernard Yin Yeung

National University of Singapore - Business School ( email )

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Singapore, 119245
Singapore
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65 6779 1365 (Fax)

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