Risk and the CEO Market: Why Do Some Large Firms Hire Highly-Paid, Low-Talent CEOs?
收藏NBER2010-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w15987
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资源简介：
This paper presents a market equilibrium model of CEO assignment, pay and incentives under risk aversion and heterogeneous moral hazard. Each of the three outcomes can be summarized by a single closed-form equation. In assignment models without moral hazard, allocation depends only on firm size and
提供机构：
美国国家经济研究局
创建时间：
2010-05-01
