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Governance of family firms
(Annual Reviews, 2015)
We review what the financial economics literature has to say about the unique ways in which the following three classic agency problems manifest themselves in family firms: (a) shareholders versus managers, (b) controlling ...
What are boards for? Evidence from closely held firms in Colombia
(Wiley-Blackwell Publishing, Inc., 2019)
Using a large survey database on the corporate governance practices of privately held Colombian firms, we investigate why firms have boards, and how that choice and the balance of power among the board, controlling ...