Large shareholders, the board of directors and the allocation of cash proceeds from corporate asset sell-offs
Recent finance literature suggests that managers of divesting firms may retain cash proceeds from corporate asset sell-offs in order to pursue their own objectives, and, therefore, shareholders’ gains due to these deals are linked to a distribution of proceeds to shareholders or to debtholders. We a...
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| Main Authors: | , , |
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| Format: | Default Article |
| Published: |
2010
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| Subjects: | |
| Online Access: | https://hdl.handle.net/2134/15915 |
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