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In contrast, both the Tobin tax and shortsale constraints increase volatility in financial markets, and have negative effects on the real sector: a decrease in the growth rates of output and investment and an increase in the volatility of consumption-growth.Abstract:The talk will be based on two of Professor Srinidhi’s papers: The first one, which has been accepted for publication in the November issue of The Accounting Review, deals with how family ownership affects auditor choice and audit fees.

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