tailieunhanh - The impact of intangible assets on financial and governance policies: A simultaneous equation analysis

Using two UK cross-sectional samples, this paper examines the impact of the level and the type of the intangible assets on six major financial and governance policies that directly depend on the interactions between managers, shareholders and debt holders – financial structure, dividend pay-outs, external ownership concentration, managerial share ownership, board of directors’ structure and auditing demand. | The impact of intangible assets on financial and governance policies: A simultaneous equation analysis

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