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papers on the implication of different legal processes, regulations, and liability rules on consumer welfare, which range … from the impact of delays in legal decisions in labour cases in France to issues of criminal liability related to the use …
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Prior studies show that agency conflicts are important in explaining corporate financial policies and that the board of directors is central to corporate governance. In this study, we examine the role of this governing body in the accumulation of cash reserves. Using a sample of 597 French...
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