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Employing data on publicly listed Indian manufacturing firms covering the period 1996-2012, we investigate the impact of the presence of banker-director on the board of family firms. We posit several hypotheses that highlight the pros and cons of the presence of banker-directors. The findings...
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which managers could become entrenched, they already bear a large proportion of the costs and have therefore an incentive to …
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effect), for higher shares the effect becomes negative entrenchment effect). Moreover, risk-aversion of managers and …
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