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A new regulation issued in the end of 2013 as part of the anti-corruption campaign in China leads to a wave of …
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the prevalence of former politicians as non-executive directors in ASX-listed companies and the market reaction to their … appointment. In our sample of 1,561 companies in 2007, we find that former federal, state, local and foreign politicians hold … former politicians is significantly lower than non-politicians. This indicates that shareholders do not value the expertise …
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