STRUCTURE AND PERFORMANCE OF ALASKA NATIVE CORPORATIONS
JONATHAN M. KARPOFF
EDWARD M. RICE
The 13 regional corporations established by the Alaska Native Claims Settlement Act of 1971 (ANCSA) historically have performed poorly. The illusory appearance of improved performance during the latter 1980s resulted from a temporary tax loophole and accounting conventions for undeveloped land. The firms have performed poorly primarily because of ANCSA restrictions, which have not changed substantially since the Act's passage. This paper examines the 13 regional corporations'financial performance from 1984 to 1989 and suggests ways of alleviating the costs of these restrictions. Most importantly, the authors recommend that future Native settlements avoid the organizational restrictions inherent in ANCSA. Copyright 1992 Western Economic Association International.
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