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Keywords: Extreme financial policy
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Journal Articles
Corporate Governance (2016) 16 (1): 187–210.
Published: 01 February 2016
... by using a fixed classification approach and the analysis of the distribution of cash and leverage. Logit analysis is then used to estimate the probability of adopting the policy as a function of executive ownership. Findings Extreme financial policies are suboptimal as firms adopting these policies...

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