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governance. Relative to other firms, labor-controlled publicly traded firms deviate more from value maximization, invest less in … productivity. Therefore, we propose that labor uses its corporate governance voice to maximize the combined value of its …
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governance. Relative to other firms, labor-controlled publicly-traded firms deviate more from value maximization, invest less in … productivity. We therefore propose that labor uses its corporate governance voice to maximize the combined value of its contractual …
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