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This study investigates the effect of family firm on corporate performance and financial policy (capital structure, cash holding, and cash dividends). Using a sample of Brazilian firms, the study uses a treatment effect model to address self-selection and endogeneity problems. The results show...
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to provide better investor protection by establishing a more stringent corporate governance system …
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holdings, suggesting the presence of a moral hazard problem. Moreover, using the system Generalized Method of Moments (GMM …
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