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competition are all found to be important determinants of long-run firm values, firm turnover, and market structure. Estimates for …
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comparison with the United States. It has been argued that lack of product market competition and poor corporate governance are … product market competition experience higher rates of productivity growth. We also find weak evidence for the notion that in …
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We show theoretically and empirically that executives are paid less for their own firm's performance and more for their rivals' performance if an industry's firms are more commonly owned by the same set of investors. Higher common ownership also leads to higher unconditional total pay. We...
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experiences in other areas suggesting that competition could provide large benefits to hitherto regulated utilities in local …
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