Who Disciplines Management in Poorly Performing Companies?
Economic theory points to five parties active in disciplining management of poorly performing firms: holders of large share blocks, acquirers of new blocks, bidders in take-overs, non-executive directors, and investors during periods of financial distress. This Paper reports the first comparative ev...
| Hlavní autoři: | , , |
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| Médium: | Working paper |
| Jazyk: | English |
| Vydáno: |
CEPR
2001
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