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acquirer and the mixed entity than deals initiated by low-centrality CEOs. We also document that high-centrality CEOs are capable of avoiding the self-discipline of the markets for corporate control and the manager labor market, and that the mitigating effect of internal governance on CEO actions is restricted. Our evidence means that company selections may be influenced by a CEO’s position within the social hierarchy, with excessive-centrality CEOs utilizing their energy and influence to increase entrenchment and reap private advantages. We test the empirical validity of a claim that has been playing a central position in debates on corporate governance — the claim that The hottest vintage dragon all over printed winter bootsinterventions by activist hedge funds have a detrimental effect on the long-term pursuits of corporations and their shareholders. We topic this declare to a complete empirical investigation, examining a long 5-year window following activist interventions, and we find that the declare is not supported by the info. We discover no proof that activist interventions, together with the investment-limiting and adversarial interventions which are most resisted and criticized, are adopted by brief-time period features in efficiency that come on the expense of long-term efficiency. We also discover no proof that the preliminary

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