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Corporate Purpose and Democratic Theory: A Governance Trilemma. [PDF]
Claassen R.
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zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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Culture, agency costs, and dividends [PDF]
This paper presents a culturally rooted agency explanation for differences in dividend payout policies around the world. We conjecture that the social normative nature of culture influences the character of agency relations and determines the acceptance and legitimacy of different dividend payout strategies across different countries.
: Jana P. Fidrmuc, Marcus Jacob
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Cost Recovery by Government Agencies [PDF]
The Commonwealth Government asked the Productivity Commisison to review cost recovery arrangements across the Government's regulatory,administrative and information agencies,and to develop guidelines for the future application of cost recovery.
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Debt, Agency Costs, and Industry Equilibrium
The Journal of Finance, 1991ABSTRACTWe show that risk characteristics of projects' cash flows are endogenously determined by the investment decisions of all firms in an industry. As a result, in reasonable settings, financial structures which create incentives to expropriate debtholders by increasing risk are shown not to reduce value in an industry equilibrium.
Maksimovic, Vojislav, Zechner, Josef
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