WorldCat Identities

Lang, Larry H. P.

Overview
Works: 226 works in 509 publications in 2 languages and 3,714 library holdings
Genres: Periodicals  History 
Roles: Author, Editor, Conductor, Honoree
Publication Timeline
.
Most widely held works by Larry H. P Lang
East Asia corporations : heroes or villains by Stijn Claessens( Book )

15 editions published between 1994 and 2000 in English and held by 142 WorldCat member libraries worldwide

Annotation World Bank Discussion Paper no. 409. East Asian corporations differ from their counterparts in other countries in important ways. Before the recent financial crisis these differences were viewed as one of the reasons for the success of East Asian economies. The crisis altered that view, and many scholars now argue that the weak corporate governance and financing structures of East Asian corporations are partly to blame for the recent crisis. This paper reviews several features of East Asian corporations, showing that they have high leverage and concentrated ownership, are typically affiliated with business groups, and operate in multiple industries. These characteristics affected the performance of corporations prior to the crisis as well as their ability to deal with its aftermath. Each economy's level of development also affected how these characteristics interacted with firm performance and valuation. Finally, the concentration of ownership in the hands of a few large families may have influenced economies' institutional development
Project finance in Asia by Larry H. P Lang( Book )

6 editions published in 1998 in English and held by 106 WorldCat member libraries worldwide

Who controls East Asian corporations? by Stijn Claessens( Book )

10 editions published in 1999 in English and Undetermined and held by 77 WorldCat member libraries worldwide

February 1999 A study of 2,980 corporations in nine East Asian countries finds more than half of those firms being controlled by a single shareholder. Many smaller and older firms are family-controlled. Wealth is very concentrated in some countries, and links between business and government are extensive, so the legal system has probably been influenced by the prevailing ownership structure. Claessens, Djankov, and Lang identify the ultimate ownership structure for 2,980 corporations in nine East Asian countries. They find that: * More than half of those firms are controlled by a single shareholder. * Smaller firms and older firms are more likely to be family-controlled. * Patterns of controlling ownership stakes differ across countries. The concentration of control generally diminishes with higher economic and institutional development. * In many countries, control is enhanced through pyramid structures and deviations from one-share-one-vote rules. As a result, voting rights exceed formal cash-flow rights. * Management is rarely separated from ownership control, and management in two thirds of the firms that are not widely held is related to management of the controlling shareholder. * In some countries, wealth is very concentrated and links between government and business are extensive, so the legal system has probably been influenced by the prevailing ownership structure. This paper-a product of the Financial Economics Unit, Financial Sector Practice Department-is part of a larger effort in the department to uncover the causes of the East Asian crisis
Zhongguo jing ji dao le zui wei xian de bian yuan by Larry H. P Lang( Book )

9 editions published between 2012 and 2013 in Chinese and held by 67 WorldCat member libraries worldwide

Ben shu fen wei wu pian,Bao kuo:zhong guo jing ji xian xiang zhong zhong,Guo qi gai ge xian ru ting zhi,Jin rong xi tong wen ti cong sheng,Min ying qi ye jie jie bai tui,Zhong guo jing ji gai ge lu zai he fang
East Asian corporates growth, financing, and risks over the last decade by Stijn Claessens( )

7 editions published in 1998 in English and held by 64 WorldCat member libraries worldwide

Governance and expropriation( Book )

10 editions published in 2005 in English and held by 64 WorldCat member libraries worldwide

"Corporate groups outside the US are often controlled by a complex of ownership links, which typically form a pyramidal structure: a private holding company sits at the top of a control pyramid of several tiers of companies; firms in the lowest tier are the group's publicly listed companies. The usual practice of expropriation in such groups is to pass bad assets to companies down the pyramid and to pass the proceeds up the pyramid via internal transactions." "For this collection Larry Lang has selected some of the most significant previously published articles by leading academics which investigate this process and its consequences. The volume explores the nature of ownership structure in countries outside the US and examines how controlling owners expropriate minority shareholders. It includes articles which analyse the pros and cons of the various finance and accounting issues resulting from this separation of ownership and control, and presents some country-specific studies which examine the impact of this disjunction." "The editor has written an authoritative introduction which provides explanatory information and points the way for future research in this area."--BOOK JACKET
Leverage, investment, and firm growth by Larry H. P Lang( Book )

11 editions published in 1995 in English and held by 62 WorldCat member libraries worldwide

We show that there is a negative relation between leverage and future growth at the firm level and, for diversified firms, at the segment level. Further, this negative relation between leverage and growth holds for firms with low Tobin's q, but not for high-q firms or firms in high-q industries. Therefore, leverage does not reduce growth for firms known to have good investment opportunities, but is negatively related to growth for firms whose growth opportunities are either not recognized by the capital markets or are not sufficiently valuable to overcome the effects of their debt overhang
Asset sales, firm performance, and the agency costs of managerial discretion by Larry H. P Lang( Book )

12 editions published between 1993 and 1994 in English and held by 61 WorldCat member libraries worldwide

We argue that management sells assets when doing so provides the cheapest funds to pursue its objectives rather than for operating efficiency reasons alone. This hypothesis suggests that (1) firms selling assets have high leverage and/or poor performance, (2) a successful asset sale is good news and (3) the stock market discounts asset sale proceeds retained by the selling firm. In support of this hypothesis, we find that the typical firm in our sample performs poorly before the sale and that the average stock-price reaction to asset sales is positive only when the proceeds are paid out
Tobin's Q, corporate diversification and firm performance by Larry H. P Lang( Book )

14 editions published in 1993 in English and held by 50 WorldCat member libraries worldwide

In this paper, we show that Tobin's q and firm diversification are negatively related. This negative relation holds for different diversification measures and when we control for other known determinants of q. We show further that diversified firms have lower q's than equivalent portfolios of specialized firms. This negative relation holds throughout the 1980s in our sample. Finally, it holds for firms that have kept their number of segments constant over a number of years as well as for firms that have not. In our sample, firms that increase their number of segments have lower q's than firms that keep their number of segment constant. Our evidence is consistent with the view that firms seek growth through diversification when they have exhausted internal growth opportunities. We fail to find evidence supportive of the view that diversification provides firms with a valuable intangible asset
Lang Xianping shuo wo men de ri zi wei shen me zhe me nan : yi ge Zhongguo jing ji xue jia de liang xin hua by Larry H. P Lang( Book )

1 edition published in 2010 in Chinese and held by 49 WorldCat member libraries worldwide

Research in international business and finance by John Doukas( Book )

6 editions published between 1979 and 1995 in English and held by 46 WorldCat member libraries worldwide

Lang Xianping shuo xin di guo zhu yi zai Zhongguo : Yi ge Zhongguo jing ji xue jia de liang xin hua by Larry H. P Lang( Book )

in Chinese and held by 45 WorldCat member libraries worldwide

Lang Xianping shuo jin rong chao xian zhan by Larry H. P Lang( Book )

6 editions published between 2008 and 2009 in Chinese and held by 44 WorldCat member libraries worldwide

Ben shu nei rong bao kuo gong si de mi mi,Ye shuo shuo wo zi ji,Wo bu fan dui gu fen zhi,Pin pai bei hou de gu shi deng
Lang Xianping shuo shui zai mou sha Zhongguo jing ji : fu shen Zhongguo ren de wen hua mo zhou by Larry H. P Lang( Book )

3 editions published in 2009 in Chinese and held by 43 WorldCat member libraries worldwide

Ben shu gong fen shi wu zhang,Nei rong bao kuo:zhu ge liang neng cheng wei you xiu de qi ye jia ma,Zhong guo gao ke ji de wen hua mo zhou,Jin shang,Hui shang deng
Diversification and Efficiency of Investment by East Asian Corporations by Stijn Claessens( )

9 editions published between 1998 and 1999 in English and held by 41 WorldCat member libraries worldwide

Cation-of-capital hypothesis is appropriate for Korea and Malaysia; the learning-by-doinghypothesis for Indonesia, Taiwan, and Thailand. Firms in more developed countries succeed in vertically integrating and improve both short-term profitability and market valuation. Firms in more developed countries are ultimately more likely to benefit from such diversification (learn faster, to improve their performance). And diversification by firms in less developed countries is subject to more misallocation of capital. This paperis a product of the Economic Policy Unit, Finance, Private Sector, and Infrastructure Network
The benefits and costs of group affiliation : evidence from East Asia by Stijn Claessens( Book )

15 editions published in 2002 in English and held by 41 WorldCat member libraries worldwide

Lang xian ping shuo Zhongguo ji jiang mian lin de 14 chang jing ji zhan zheng by Larry H. P Lang( Book )

3 editions published in 2011 in Chinese and held by 39 WorldCat member libraries worldwide

Lang Xianping shuo : wo men de sheng huo wei shen me zhe me wu nai by Larry H. P Lang( Book )

2 editions published in 2011 in Chinese and held by 39 WorldCat member libraries worldwide

Ben shu wei ni pou xi fang jia wei shen me yue gai yue gao,Qian bao wei shen me yue guo yue bie,Gu min wei shen me yue chao yue qiong,Qi che wei shen me yue kai yue gui,Yao hao wei shen me yue yao yue du,Zhang jia wei shen me yue lai yue duo deng rang lao bai xing wu nai zhi ji de she hui wen ti de chan sheng yuan yin
Lang Xianping shuo shui zai zheng jiu Zhongguo jing ji : fu su de bei hou he xiao tiao de liang dian by Larry H. P Lang( Book )

4 editions published in 2009 in Chinese and held by 38 WorldCat member libraries worldwide

Ben shu gong shi san zhang,Nei rong bao kuo zhong guo jing ji zhen zheng de wei ji bu shi jin rong wei ji,Jin rong hai xiao dao zhi mei guo pao mo xiao fei bao po,Gu shi,Lou shi he che shi de hui nuan,Zhong guo nei di,Xiang gang,Tai wan he mei guo gu shi de liang dian deng
Lang Xianping shuo shui du tao bu diao de jin rong wei ji by Larry H. P Lang( Book )

2 editions published in 2008 in Chinese and held by 37 WorldCat member libraries worldwide

Ben shu nei rong bao kuo:dang mei guo zao yu wei ji,Guo ji jin rong wei ji de ben zhi,Jin rong wei ji dui shi ti jing ji de chong ji,Gu shen ye tao bu guo jin rong wei ji deng
 
moreShow More Titles
fewerShow Fewer Titles
Audience Level
0
Audience Level
1
  Kids General Special  
Audience level: 0.65 (from 0.10 for East Asia ... to 0.86 for Lang Xianp ...)

Project finance in Asia
Alternative Names
Lang, Hsien Ping

Lang, Hsien Ping 1957-

Lang, L. H. P.

Lang, L. H. P. 1957-

Lang, L. H. P. (Larry H. P.)

Lang, Larry 1957-

Lang, Larry H.P.

Lang, Larry H. P. 1957-...

Lang, Xian ping 1957-

Lang, Xianping

Lang, Xianping 1957-

Larry Hsien Ping Lang Chinese economist

Larry Hsien Ping Lang economista chino

Larry Hsien Ping Lang économiste chinois

Larry Hsien Ping Lang econoom uit Taiwan

Лан Ларри Сянь Пин

郎, 咸平 1957-

郎咸平

郎咸平 1957-

Languages
English (113)

Chinese (45)

Covers
Governance and expropriationResearch in international business and finance