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Who’s Paying Attention? Measuring Common Ownership and Its Impact on Managerial Incentives

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NBER2019-03-01 更新2025-01-04 收录
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We derive a measure that captures the extent to which overlapping ownership structures shift managers incentives to internalize externalities. A key feature of the measure is that it allows for the possibility that not all investors are attentive to whether a managers actions benefit the investors

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2019-03-01
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