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European financial management : the journal of the European Financial Management Association, v.27 no.2, 2021년, pp.196 - 207
Cornell, Bradford (Anderson School of Management, University of California, Los Angeles, California, USA) , Shapiro, Alan C. (Marshall School of Business, University of Southern California, Los Angeles, California, USA)
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AbstractIn addition to explicit contracts, corporations issue their stakeholders implicit claims, including fair treatment of employees and the promise of continuing service to customers. Corporate value is created by selling these implicit claims for more than it costs to honour them. Recently, a n...
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