Not All Related Party Transactions (RPTs) are the Same: Ex-Ante vs. Ex-Post RPTs
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Cites background or methods from "Not All Related Party Transactions ..."
...Following previous studies (Peng et al., 2011; Ryngaert and Thomas, 2012), we apply a screening process in order to ensure the robustness of our results....
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...The first one considers RPTs as an 6 C. Bona-Sánchez et al. efficient contracting mechanism in incomplete information settings (Ryngaert and Thomas, 2012)....
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References
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"Not All Related Party Transactions ..." refers background in this paper
...Electronic copy available at: https://ssrn.com/abstract=1968687 11 the board of directors, e.g., see Fama (1980), Weisbach (1988), Hermalin and Weisbach (1988), etc. Directors are usually classified as executives, grays (former executives, relatives of executives, non-employee directors with RPTs,…...
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"Not All Related Party Transactions ..." refers background in this paper
...Also, if a related party has a large ownership stake in the firm, then the party will have financial incentives to make firm specific investments and to avoid a value-reducing holdup, e.g., see Klein, Crawford, and Alchian (1978) and Fee, Hadlock, and Thomas (2006)....
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4,923 citations
"Not All Related Party Transactions ..." refers background in this paper
...Founders, or those who later head a company, may oversee the hiring or promotion of relatives to executive positions, e.g., see Anderson and Reeb (2003) and Villalonga and Amit (2006)....
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4,567 citations
"Not All Related Party Transactions ..." refers methods in this paper
...Tobin’s Q ratios are frequently used as performance indicators in the firm governance literature, e.g., see Morck, Shleifer, and Vishny (1988), McConnell and Servaes (1990), Gompers, Ishii, and Metrick (2003), etc....
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