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This will further reduce managerial agency costs and help generate optimal corporate behavior.
In sum, large shareholders will reduce managerial capacity to manipulate accounting information and should reduce the incidence of qualifications due to errors or non-compliance with GAAP.
They find that increasing the dividend tax has the same consequences as reducing managerial ownership.
From this result, we derive the following empirical prediction: An increase in the corporate tax rate reduces managerial ownership.
Managerial influence is real, and occasionally overbearing.
In offices in which Cendant has a partial ownership it stands to have more managerial influence.
Table 5 Specifics of the CTOs' managerial influence Dimension Key drivers Universities Companies Research ins.
But there was no mention of the new investors taking a seat on Daimler's supervisory board or having managerial influence.
This is a role for the consultant or other senior team member with string managerial influence.
Reduce political influence over infrastructure planning.
2) Reduce the influence of lobbyists.
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