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Larger board size and decreasing firm value in small firms 1 We wish to thank Asiakastieto Oy for furnishing us with the data analyzed here, Clas Bergström, Jonathan Macey, David Yermack, and an anonymous referee for helpful comments, and Linda Bölling for excellent research assistance. Sundgren's research was supported by NÖDFOR and the Academy of Finland. Much of the work on this article was completed while Sundgren was a John M. Olin Fellow at Cornell Law School. Well's research was supported by NSF grant DMS 9625440. 1 |
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