Keywords: Synergy governance effect
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Journal Articles
Managerial Finance (2025) 51 (8): 1317–1333.
Published: 18 February 2025
... institutional owners in reducing risk presents an inconsistency (Chen et al., 2021 ; Ramalingegowda et al., 2021). There are two competing views, the synergy governance effect VS collusion effect, explaining the possible effect of common institutional ownership on the firm’s cost of equity...

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