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among managers and employees. Despite the relevance of intraorganizational networks, past research on SMEs, however, was … focused mainly on the interorganizational level of analysis. To cover this gap, we map ego networks of senior managers in SMEs …
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explores the impact of CEO power or CEO dominance on bond ratings and yield spreads. We find that credit ratings are lower and … higher yields because it is difficult for them to monitor managers in firms with powerful CEOs. Taken together, the results … suggest that bondholders perceive CEO power as a critical determinant of the cost of bond financing …
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