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Staggered Boards and the Wealth of Shareholders: Evidence from Two Natural Experiments

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NBER2011-06-01 更新2025-01-04 收录
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While staggered boards have been documented to be negatively correlated with firm valuation, such association might be due to staggered boards either bringing about lower firm value or merely reflecting the tendency of low-value firms to have staggered boards. In this paper, we use two natural

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2011-06-01
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