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Ceding ownership to outside investors provides a control dilemma for founders. In less developed capital markets with weaker formal institutions, we argue that retained founder director ownership can lower the transaction costs of external capital. O
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od______1687::341a2d320e883c70a2b6b99fc0e3156a
https://hdl.handle.net/10419/262033
https://hdl.handle.net/10419/262033
