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Countries in which billionaire heirs' wealth is large relative to G.D.P. grow more slowly, show signs of more political … in which self-made entrepreneur billionaire wealth is large relative to G.D.P. grow more rapidly and show fewer signs of … prices fell relative to those of comparable firms on the news that the Canada-U.S. free trade agreement would be ratified. A …
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Around the world (with the U.S. and U.K. as exceptions) concentrated ownership structures and controlling shareholders are predominant even among listed firms. We provide novel empirical evidence how such controlling shareholders, in particular founding families, affect payout policy decisions....
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