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Employee representation on boards of directors and corporate long-term orientation
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DOI：10.1016/j.frl.2026.110567.png)
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Abstract
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• This study explores the role of employee representatives on boards of directors in enhancing firm value. • Our findings show a positive correlation between the presence of employee representatives on boards and long-term investor value appropriation. • The findings also indicate that the positive effects are magnified when both local communities and corporate governance frameworks emphasize a long-term perspective. • Such firms often respond by improving their environmental disclosures.
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