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    • Financial Markets, Industry Dynamics, and Growth 

      Iacopetta, M; Minetti, R; Peretto, Pietro F (Economic Research Initiatives at Duke (ERID), 2014-08-27)
      We study the impact of corporate governance frictions in an economy where growth is driven both by the foundation of new firms and by the in-house investment of incumbent firms. Firms' managers engage in tunneling and empire ...