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What are the Costs of Weakening Shareholder Primacy? Evidence from a U.S. Quasi-Natural Experiment

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NBER2025-05-01 更新2025-05-31 收录
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https://www.nber.org/papers/w33828
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资源简介:
We study the economic consequences of weakening shareholder primacy using Nevada Senate Bill 203 as a quasi-natural experiment. A difference-in-differences analysis shows that affected Nevada firms experienced a decline in firm value of more than 4%, as measured by Tobins q. Rather than responding
提供机构:
美国国家经济研究局
创建时间:
2025-05-01
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