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continuum of receivers. We find that banking supervisors create welfare as optimal disclosure reduces uncertainty and leads to …
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This study presents a review of theoretical concepts described in the literature that explain how corporate events might be perceived by investors. The theoretical discussion in this paper is related to three corporate events: CEO turnovers, dividend payouts, and block trades. The objective of...
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further learn managerial ability. As such, high ability managers signal their ability levels by engaging in turnover. The …
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