Institutional change has a character of path dependent.
制度变迁具有路径依赖的性质。
The establishment of a corporate governance mechanism is strongly dependent on the selected path.
公司治理机制的建立有着较强的路径依赖性。
The establishment of a corporate governance mechanism is strongly dependent on the selected path.
公司治理机制的建立有着较强的路径依赖性。
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