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Keywords: Market-adjusted excess return
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Journal Articles
Corporate Governance (2020) 20 (3): 503–525.
Published: 19 March 2020
...). Furthermore, robustness of the results has been verified through the employment of market-adjusted excess return (MAER) as an additional proxy of underpricing. Findings The results highlight that board size, inverse of board committees, board independence, board age, board directorships positively...

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