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WAGE POLICY (2) answer(s).
 
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ID:   126656


Crafting nationalist consumption: public relations and the Thai textile movement under the people's party, 1932-1945 / Phillips, Matthew   Journal Article
Phillips, Matthew Journal Article
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Publication 2013.
Summary/Abstract Following the revolution of 1932 that ended absolute monarchy in Siam, a new government came into power that sought to legitimize its rule by encouraging mass identification with the state. Practically, the expansion of a wage economy and the development of a state-led education system were seen by government officials as central to promoting a sense of citizenship to as yet disinterested rural communities. Throughout its first decade in power, the government thus set up projects to provide such groups with skills that might contribute to their overall material advancement. Following the lead of similar endeavours, particularly in India, one of the principal ways in which it would do this was through the production and bringing to market of cotton textiles. However, with foreign imports both superior in quality and cheaper than anything produced internally, the state struggled to establish a public relations message that might convince consumers to purchase Thai-produced textiles. As a result of specific limitations rooted in Thailand's ambiguous status globally, this meant that Thai leaders struggled to replicate the success of such movements elsewhere
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2
ID:   137533


Disproportionate ownership structure and IPO long-run performance of non-SOEs in China / Wang, Xiaoming; Cao, Jerry ; Liu, Qigui ; Tang, Jinghua, Tian, Gary Gang   Article
Wang, Xiaoming Article
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Summary/Abstract This paper examines the relationship between ownership structures and IPO long-run performance of non-SOEs in China. Although non-SOEs underperform the market in general after IPO but the poor performance is mainly caused by the IPOs with ownership control wedge. Non-SOEs with one share one vote structure outperform those with control-ownership wedge by 30% for three years post-IPO performance in adjusted buy-and-hold returns. Non-SOEs with control-ownership wedge have higher frequency of undertaking value-destroying related party transactions. These findings suggest that non-SOEs need to improve corporate governance such as disproportionate ownership structure to better safeguard the interest of long-run shareholders.
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