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Manager-shareholder agency conflicts of interest manifest themselves in several forms. They include manager shirking and the consumption of...Read more
In this paper we aim to better understand the economic role of financial journalists. Although there is a growing body of empirical research...Read more
One of the fundamental issues in modern corporate finance is the problem of separation of firm ownership from control. The gap between management...Read more
What is the (opportunity) cost of private benefits of control? In our study “Private Benefits and Corporate Investment and Financing Decisions:...Read more