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selling state to private
28 Matching Annotations
- May 2025
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viewer.athenadocs.nl viewer.athenadocs.nl
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97?96?8-&86P!7B?6-<5,;!N&O!?78![6!7;hN&:!
because social > profit
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!j?&:!P&86!
they cannot force it
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!9D-8&,:<!
prevents
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6c86-?&:! j?&?96
equity
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<D;6-,7-!
information assymetry
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9&<5!o7B!9:&,N<
they have other cashflow rights
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9&<5!o7B
who earns the money
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,?<,P6-HP7N,?&86P![7&-P<! ,?! E&;&?
dominated by inside directors
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8B7Hh6-!<D;6-=,<7-O!&?P! N&?&>6N6?8![7&-P<! ,?! M6-N&?O'
one supervises and one manages
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7;hN,<N)!
they trust that they'll make money in the future
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6c69Dh=6! ;&O!-,<6<
managers pay
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! -6Y69h?>
they do have some aligned interest
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L7&<6!(567-6N
if property rights are well defined and there are no transaction costs, parties can bargain efficiently
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6c;-7;-,&h7?
takes away value from investors
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856O
managers
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856!-6<,PD&:!97?8-7:H-,>58<
decision making in cases where it is not determined in the contract
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j?&?9,6-<
investors
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6c86-?&:,8O!&->DN6?8!
they might leave out the employees in de decision-making
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,?86-?&:,<6! 856! -,>58! 7?6<)!
onces that will ensure that the company takes workers into account
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resources that are not used effectively
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buyer
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P,<<,P6?8
one that initiates proxy
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! P,<;6-<6P
own a small amount of shares
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P,-6987-!,?86-:79^,?>
same people sit on too many boards
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!PD&:H-7:6!LCK<)
CEO who is also the chairman
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N7-&:!5&%&-P
takes risks because do not bare the consequences
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N&?&>6-,&:,<N
business should only be run by professional managers
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