Jonathan Karpoff, M. Wayne Marr Jr., Morris Danielson - Corporate Governance and Firm Performance (094320528X)

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Many studies indicate that a company's stock price decreases when the company adds restrictions regarding corporate governance to its charter or bylaws. The authors of this monograph analyzed the effect of 20 different governance provisions and report that companies with the fewest restrictive provisions in their industries have the best industry-adjusted performance.

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