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This paper proposes a theoretical model that incorporates corporate governance into the basic CAPM, where corporate …
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In a complete market for short-lived assets, we investigate long run wealth-driven selection on a general class of investment rules that depend on endogenously determined current and past prices. We find that market instability, leading to asset mis-pricing and informational efficiencies, is a...
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This paper discusses the problems and legal protections of minority shareholders in close corporations in the United … States. Minority shareholders in their corporation may be concerned with having voice, access to information, some control … rules deal with these issues and the extent to which the minority shareholders are protected while allowing those in control …
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