Corporate voluntary disclosure and the separation of cash flow rights from control rights.
We find that corporate voluntary disclosure is negatively associated with the separation of cash flow rights from control rights. This result is consistent with the notion that as the separation of cash flow rights from control rights increases, controlling owners have larger incentives to exprop...
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| Format: | Research Report |
| Language: | English |
| Published: |
2008
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| Online Access: | http://hdl.handle.net/10356/14563 |