Philippon, Thomas - Society for Economic Dynamics - SED - 2004
sales, employment and investment for firms with different governance qualities. The quantitative results suggest that … tendencies to increase
investment, employment and output — together with the proposition that shareholders leave
more discretion … in table 1. Columns 1-5 refer to investment growth,
columns 6-10 to sales growth and columns 11-15 to employment growth …