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What drives corporate governance? Firm-level evidence from Eastern Europe : What drives corporate governance reform? firm-level evidence from Eastern Europe (Английский)

The authors study differences in the use of two corporate governance provisions - cumulative voting and proxy by mail voting - in a sample of 224 firms located in four Eastern European countries. The report finds a significant relationship between ownership structure, and the use of corporate governance provisions. Firms with a controlling owner (owning more than 50 percent of shares) are less likely to adopt either of the two provisions. However...
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