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MODELING REGULATORY AND COMPETITIVE BUSINESS ENVIRONMENTS’ INFLUENCE ON TUNNELING BEHAVIOR
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Agung Juliarto 
, Gregory Tower, Mitchell Van der Zahn , Rusmin Rusmin
Abstract
A comparative country analysis of regulatory and competitive business environments is generated using a synthesized multi-theoretical perspective combining agency, resource dependence, stakeholder, and institutional theories. The model posits that Indonesia, Philippines, China and India suffer from more tunneling behavior. Singapore and other well-known economically developed countries such as Australia, UK and USA are more likely to mitigate tunneling behavior.
Keywords: Tunneling, Regulatory, Competitive, ASEAN
How to cite this paper: Juliarto, A., Tower, G., Van der Zahn, M., & Rusmin, R. (2011). Modeling regulatory and competitive business environments’ influence on tunneling behavior. Corporate Ownership & Control, 8(4-4), 420-431. https://doi.org/10.22495/cocv8i4c4art4
