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Keywords: large shareholder expropriation
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Journal Articles
Journal of International Accounting Research (2011) 10 (2): 23–56.
Published: 01 November 2011
... level of large shareholder expropriation, (2) higher and more performance-sensitive executive compensation, and (3) lower levels of management perk consumption and employment, which increase more slowly when sales grow and decrease more quickly when sales shrink. These enhancements in incentives help...