In strange company: The puzzle of private investment in state-controlled firms

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Abstract

No two characters seem more inconsistent than those of trader and sovereign. If the trading spirit of the English East India Company renders them very bad sovereigns, the spirit of sovereignty seems to have rendered them equally bad traders.

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Pargendler, M., Musacchio, A., & Lazzarinim, S. G. (2013). In strange company: The puzzle of private investment in state-controlled firms. Cornell International Law Journal, 46(3), 569–610. https://doi.org/10.2139/ssrn.2217627

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