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We study the influence of the corporate board network on executive pay for 3,395 US firms over the period from 1990 to 2015. Drawing on structural anthropology and social exchange theory, we identify three elementary structures through which the interlocking network captures an obvious form of...
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governance mechanism by disciplining managers' investment decisions. In the two years following an M&A lawsuit (a lawsuit where … reactions are stronger among firms with fewer anti-takeover provisions. Overall, our results show that M&A lawsuits can have an …
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