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《金融经济学》(英文版) Chapter 10 Corporate Governance

The agency problem that arises from the separation of ownership and control (Berle and Means, 1932)has been a major focus of the literature on corporate finance and the theory of the firm over the last twenty years. Various insti- tutional arrangements exist to deal with this agency problem and one that has attracted a lot of attention is the market for corporate control. Manne
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