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The importance of restructuring and privatizing the financial sector has received renewed attention in the ongoing effort of revitalizing developing economies A growing research literature has underscored the importance of banking and the financial sector to economic growth. Several studies found positive relationship between financial sector development(More)
a r t i c l e i n f o This study evaluates how state regulation of noncompetition agreements affects merger and acquisition activity. Noncompetition agreements put restrictions on postemployment activities, thereby reducing management mobility and forcing top managers to bear the long-term consequences of their corporate decisions. In this sense, state(More)
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