Empire-Builders and Shirkers: Investment, Firm Performance, and Managerial Incentives
收藏NBER1999-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w7335
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资源简介：
Do firms systematically over- or underinvest as a result of agency problems? We develop a contracting model between shareholders and managers in which managers have private benefits or private costs of investment. Managers overinvest when they have private benefits and underinvest when they have
提供机构：
美国国家经济研究局
创建时间：
1999-09-01
