Tatahi, Motasam; Heshmati, Almas - Institute for the Study of Labor (IZA) - 2009
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Moreover, according to the property rights school, the separation of ownership and
management, which is characteristic of the …
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shareholders in a large corporation are not able to monitor management as closely as a
manager-owned company, but … agents) be allowed to arrange their property as they see fit, in order to gain
access to more and better knowledge than …