... In East Asia, the mean CV ratio is 0.85. The mean CV ratios are rather similar across the seven East Asian economies, ranging between 0.77 (Indonesia) and 0.95 (Thailand). Over a quarter of ... seven East Asian 10 Different from the East Asian firms that are typically family controlled, the dominant ultimate owners of Japanese firms are institutions, typically the main banks of industrial ... structure and earnings informativeness. 3.1. Sample and data We select our sample firms from seven East Asian economies Hong Kong, Indonesia, Malaysia, Singapore, South Korea, Taiwan and Thailand....