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The Vote is Cast: The Effect of Corporate Governance on Shareholder Value

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NBER2010-12-01 更新2025-01-04 收录
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This paper estimates the effect of corporate governance provisions on shareholder value and long-term outcomes in S&P1500 firms. We apply a regression discontinuity design to shareholder votes on governance proposals in annual meetings. A close-call vote around the majority threshold is akin to a

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2010-12-01
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