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There is a plethora of literature suggesting that Strategic Management Concepts have the capability of increasing firms’ value. Boards however only communicate with shareholders through corporate reporting which take less consideration of Strategic Management Concepts. There is therefore...
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comparing both organizational forms, we find that the optimal form de- pends on managers’ degree of risk-aversion and the …
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risk on agency costs. We find decreased firm value, especially for firms with lower levels of investor protection and with … the highest expected agency costs. We also find that managerial incentives are reduced as measured by lower CEO pay …
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