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Board Independence, Executive Pay, and the Adoption of Pet Projects


  • Accepted by Raffi Indjejikian. We wish to thank Anil Arya, John Core, Robert Goex, Raffi Indjejikian (Editor), Christian Laux, Paul Newman, Dae-Hee Yoon, two anonymous referees, and workshop participants at the Universities of Frankfurt and Bern for their helpful comments.

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