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contract framing effect in either condition: effort provision is statistically indistinguishable under bonus and penalty …
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When are shareholders empowered to remove directors from office? This is an important governance issue and is related to the balance of power between shareholders and directors. In the case of a public company, s 203D(1) of the Australian Corporations Act 2001 (Cth) provides that shareholders...
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employment contract. We show that not imposing such an agreement can be beneficial for the principal as the possibility to leave …
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