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We simultaneously analyze two mechanisms of the managerial labor market (CEO turnover and remuneration schemes) in two different regulatory regimes, namely before and after the sweeping governance reforms adopted in the UK in the 1990s. We employ sample selection models to examine firms in a...
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We investigate CEO power on corporate performance in Sri Lanka, characterized by ethno-linguistic and religious boundaries and complex power hierarchies, and by ethnic conflicts and a subsequent reconciliation process. We focus on a CEO’s social-dominance power, based on ethnicity, gender, and...
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