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The Developing Hispanic-Serving Institution (DHSI) Program is one of the largest federal grant programs that support Hispanic-Serving Institutions. We employ an eleven-year panel dataset of U.S. higher education institutions to implement a difference-in-differences (DID) design, two-way fixed...
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We examine CEO compensation, CEO retention policies, and M&A decisions in firms where founders serve as a director with a non-founder CEO (founder-director firms). We find that founder-director firms offer a different mix of incentives to their CEOs than other firms. Pay for performance...
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