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The paper analyzes the interplay of product market competition and governance on CEO compensation in Italian listed … market competition eventually prevails over family ties even in a family-controlled governance system such as in Italy. … definitions of competition: the intensity of import penetration, which accounts for price competition, and the intensity of R …
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behind governance transparency is product market competition. Tougher competition leads to more firms competing for funding …This paper analyzes the determinants of governance transparency. In our model, entrepreneurs optimally decide the …
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