Executive Compensation and the Optimality of Managerial Entrenchment
收藏NBER1996-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w5779
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资源简介:
Firms are more complicated than standard principal-agent theory allows: firms have assets-in-place; firms endure through time, allowing for the possibility of replacing a shirking manager; firms have many managers, constraining the amount of equity that can be awarded to any one manager; and, a firm
提供机构:
美国国家经济研究局
创建时间:
1996-09-01



