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Existing literature is inconclusive about the relationship between social responsibility and institutional investors as it assumes, implicitly, that this relationship is direct. An alternative perspective, that has received less attention in the literature, is that this relationship can be...
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period 1991 to 1996. We find ownership concentration to affect profitability significantly negatively. Representation of … owners on the board of executive directors does not make a difference. The profitability-ownership concentration relation … positive impact of ownership concentration on profitability, supportive of managerial discretion and agency theories, shows up …
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