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Whereas the agency theory predicts that dual-class shares decrease firm performance, the stewardship theory predicts … that dual-class shares increase firm performance. The cumulative findings on the performance consequences of dual …-class shares have been weak and/or inconclusive. Because endogeneity is a constant challenge in empirical corporate governance …
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Over the past few decades, the rapid growth of mergers and acquisitions (M&As) has received interest from academics and practitioners. While M&As continue to be the subject of thorough investigation from a corporate governance standpoint, comparatively less effort has been made to organize and...
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