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risk to managers and encouraging risk-substitution; that is, managers with relatively undiversified personal portfolios …
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We derive a measure that captures the extent to which overlapping ownership structures shift managers' incentives to … possibility that the growth of common ownership has had a significant impact on managerial incentives.Institutional subscribers to …
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We derive a measure that captures the extent to which common ownership shifts managers' incentives to internalize … analyzing whether the growth of common ownership affects managerial incentives …
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