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preferences on their investment decisions, performance, and career outcomes. We find that managers with higher aversion to losses … stronger disposition effect. Further, we provide evidence that more loss-averse managers have lower performance and are more …
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At the center of contemporary debates over public law lies administrative agencies’ discretion to impose rules. Yet, for every one of these rules, there are also unrules nearby. Often overlooked and sometimes barely visible, unrules are the decisions that regulators make to lift or limit the...
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