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Masulis, Wang, and Xie found that the greater the divergence between insider voting rights and cash flow rights, the more likely shareholder wealth will increase.
Loose Cultures
Social or organizational cultures characterized by a tolerance for deviance from norms and a flexibility in behavior and beliefs.
Central Life Interest
An individual's primary focus or commitment in life, which significantly influences their identity and actions.
Generation Y
Also known as Millennials, the demographic cohort following Generation X, typically considered to be born between the early 1980s and the mid-1990s to early 2000s.
Millennials
A generational cohort following Generation X, typically defined as people born from the early 1980s to the mid-1990s to early 2000s.
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