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clubs' sporting outcomes in the Spanish league. To this end, financial ratios and accounting variables obtained from the … differences are significant. The objective is threefold: firstly, we describe the financial/accounting structures of Spanish …, as intended by the UEFA. Secondly, we show the relationship between financial/accounting performance and sporting results …
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Trust between parties should drive contract design: if parties were suspicious about each others' reaction to unplanned events, they might agree to pay higher costs of negotiation ex ante to complete contracts. Using a unique sample of U.S. consulting contracts and a negative shock to trust...
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