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This paper analyzes the determinants of the German corporate governance rating recently developed by Drobetz, Schillhofer, and Zimmermann (2004). We find a non- linear relationship between ownership concentration and the quality of firmlevel corporate governance as measured by the rating. Firms...
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entrepreneurship and strategic management · Entrepreneurs and managers of academic spin-offs and technology-based ventures …
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which managers could become entrenched, they already bear a large proportion of the costs and have therefore an incentive to …
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