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technological innovation. We conduct this analysis by allowing the effect to vary according to the identity of the main shareholder … concentrated corporate ownership is negatively related to technological innovation propensity, a result contrary to the “agency … largest shareholder is a family, firms are likely to have lower technological innovation propensity than firms with a foreign …
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We document a positive effect of monitoring institutional ownership on firm innovation after controlling for … traditional measures of institutional ownership. We further find that monitoring institutions enhance firm innovation by: 1 …
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