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Does the well governed firm perform better? Regulatory implications for SMEs in the financial sector

Stiglbauer, Markus


Although bad corporate governance has been identified as one reason for the failure of financial companies in the current financial crisis, the discussion almost exclusively refers to big players so far. This paper therefore investigates SMEs in the financial sector. Against theoretical assumptions and previous findings for big companies, in regressions for SMEs in the German financial sector we ...


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