Keywords: monitoring
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Journal Articles
Critical Finance Review (2014) 3 (1): 49–83.
Published: 09 January 2014
... no such effects when we control for firm size with a logarithmically transformed market-capitalization instead of HS’s raw market-capitalization. This holds both in the long-run time-series and in the panel analysis. Firms that HS consider monitored do not seem to have better control of managerial compensation...

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