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Using the Sarbanes-Oxley Act of 2002 as a natural experiment, we document a non-monotonic relation between board independence and credit ratings. Ratings are upgraded with an exogenous increase of board independence only when independence is low, which is consistent with the costs as well as...
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decentralised and fragmented structure of GDC, especially regarding monitoring and evaluation systems, we hope that the new …
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decentralised and fragmented structure of GDC, especially regarding monitoring and evaluation systems, we hope that the new …
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This study investigates the impact of investment efficiency on firm value with a moderating role of institutional … tool of comparison. The results show that investment efficiency has an impact on firm value. In addition, institutional … ownership and board independence moderate this impact. There is a gap between the impact of investment efficiency on firm value …
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