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We find that ownership changes much less over time in private firms than in public firms. The average largest shareholder in private (public) Norwegian firms keeps the same stake in 82% (14%) of two consecutive years. In private firms past ownership dominates ownership determinants proposed in...
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agency theory, it is found that the share of base salary is higher with family-member CEOs than it is with nonfamily member … ; agency theory ; Bayesian analysis …
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