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Thirteen years ago, Tom Bloch was CEO of H&R Block, the groundbreaking tax organization. The son of the company's founder, he was a happily married 41-year-old executive, but something was missing from his life. After a nineteen-year career at the company, Bloch resigned his position to become a...
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Panel OLS and GMM-IV estimates indicate that executives respond to the adoption of a compensation clawback provision by decreasing firm risk. The mechanisms that transmit incentives to decisions and decisions to risk appear to be more conservative investment and financial policies and preemptive...
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