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We relate the design of contract law to the process of development. In this paper, contract law defines which private agreements are enforceable (i.e. are binding and enforced by courts) and which are not. Specically, we consider an economy where agents face a hold-up problem (moral hazard in...
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decision-making concerning shareholders and stakeholders. In a sample comprising more than nine hundred directors originating … a principled, quasi-ideological stance towards shareholders and stakeholders, called shareholderism, on which they vary …
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