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Author : Richard Kihlstrom
Publisher :
ISBN 13 :
Total Pages : 49 pages
Book Rating : 4.:/5 (182 download)
Download or read book Managerial Incentives in an Entrepreneurial Stock Market Model written by Richard Kihlstrom and published by . This book was released on 1988 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Viral V. Acharya
Publisher :
ISBN 13 :
Total Pages : 60 pages
Book Rating : 4.X/5 (4 download)
Download or read book Entrepreneurial Incentives in Stock Market Economies written by Viral V. Acharya and published by . This book was released on 2002 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Richard E. Kihlstrom
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (135 download)
Download or read book Managerial Incentives in an Enterpreneurial Stock Market Model written by Richard E. Kihlstrom and published by . This book was released on 1988 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
![Download Managerial Incentives in an Enterpreneurial [sic] Stock Market Model PDF Online Free](https://books.google.com/books/content/images/frontcover/OVD9HAAACAAJ?fife=w200-h370)
Author : Richard Kihlstrom
Publisher :
ISBN 13 :
Total Pages : 27 pages
Book Rating : 4.:/5 (227 download)
Download or read book Managerial Incentives in an Enterpreneurial [sic] Stock Market Model written by Richard Kihlstrom and published by . This book was released on 1990 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : George M. Constantinides
Publisher : Elsevier
ISBN 13 : 0080495079
Total Pages : 654 pages
Book Rating : 4.0/5 (84 download)
Download or read book Handbook of the Economics of Finance written by George M. Constantinides and published by Elsevier. This book was released on 2003-11-04 with total page 654 pages. Available in PDF, EPUB and Kindle. Book excerpt: Volume 1A covers corporate finance: how businesses allocate capital - the capital budgeting decision - and how they obtain capital - the financing decision. Though managers play no independent role in the work of Miller and Modigliani, major contributions in finance since then have shown that managers maximize their own objectives. To understand the firm's decisions, it is therefore necessary to understand the forces that lead managers to maximize the wealth of shareholders.
Author : Martin Neil Baily
Publisher : Brookings Institution Press
ISBN 13 : 9780815705918
Total Pages : 472 pages
Book Rating : 4.7/5 (59 download)
Download or read book Macroeconomics written by Martin Neil Baily and published by Brookings Institution Press. This book was released on 1990-06-01 with total page 472 pages. Available in PDF, EPUB and Kindle. Book excerpt: For almost thirty years, Brookings Papers on Economic Activity (BPEA) has provided academic and business economists, government officials, and members of the financial and business communities with timely research of current economic issues. Contents Include: Articles SANJA BHAGAT, ANDREI SHILEIFER, and ROBERT W. VISHNY Hostile Takeovers in the 1980: The return to Corporate Specialization BRONWYN H. HALL The Impact of Corporate Restructuring on Industrial Research and Development MICHAEL L. KATZ and JANUSZ A. ORDOVER R&D Cooperation and Competition OLIVER HART and JEAN TIROLE Vertical Integration and Market Foreclosure MICHAEL SALINGER The Concentration-Margins Relationship Reconsidered PAUL M. ROMER Capital, Labor, and Productivity MARTIN NEIL BAILY and CHARLE L. SCHILTZE The Productivity of Capital in a Period of Slower Growth
Author : Randall S. Kroszner
Publisher : Cambridge University Press
ISBN 13 : 1316025233
Total Pages : 664 pages
Book Rating : 4.3/5 (16 download)
Download or read book The Economic Nature of the Firm written by Randall S. Kroszner and published by Cambridge University Press. This book was released on 2009-09-21 with total page 664 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book brings together classic writings on the economic nature and organization of firms, including works by Ronald Coase, Oliver Williamson, and Michael Jensen and William Meckling, as well as more recent contributions by Paul Milgrom, Bengt Holmstrom, John Roberts, Oliver Hart, Luigi Zingales, and others. Part I explores the general theme of the firm's nature and place in the market economy; Part II addresses the question of which transactions are integrated under a firm's roof and what limits the growth of firms; Part III examines employer-employee relations and the motivation of labor; and Part IV studies the firm's organization from the standpoint of financing and the relationship between owners and managers. The volume also includes a consolidated bibliography of sources cited by these authors and an introductory essay by the editors that surveys the new institutional economics of the firm and issues raised in the anthology.
Author : Binbin Deng
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (13 download)
Download or read book A Simple Model of Managerial Incentives and Portfolio-Investment Decision written by Binbin Deng and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: What is the optimal portfolio allocation when an agent is investing both for a firm and for himself? I address this question by solving a manager's decision problem under a specific executive compensation structure. Specifically, I study how flat wage and stock compensation affect the manager's investment decision. I show that the allocation is the same regardless of whether the manager is prohibited from trading the public shares of his own firm. Results from calibration show that the manager invests less in firm-specific technology and more in the aggregate stock market as the risk of the firm's project increases. More stock compensation discourages him from investing in the firm's risky technology, but encourages more risk-taking in terms of personal investment. In addition, I prove that flat wage, effectively as a riskless bond, hedges risk and leads to more risk-taking behavior both in firm investment and personal investment.
Author : Tom Nohel
Publisher :
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.:/5 (129 download)
Download or read book Stock Options and Managerial Incentives to Invest written by Tom Nohel and published by . This book was released on 2002 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: We examine the effect of stock options on managerial incentives to invest. Our chief innovation is a model wherein firm value and executive decisions are endogenous. Numerical solutions to our model show that managerial incentives to invest are multi-dimensional and highly sensitive to option strike prices, the manager's wealth, degree of diversification, risk aversion, and career concerns. We find that over-investment problems are far more likely and far more severe than many researchers suggest. Finally, firm value is not a strictly increasing function of a manager's incentive compensation or conventional pay-for-performance metrics. Stronger managerial incentives to invest can benefit or harm a firm. Our results should send a cautionary signal to researchers who study managerial behavior. It is not sufficient to rely on one-dimensional risk-neutral valuation metrics, such as pay-for-performance, to describe the degree of incentive alignment between managers and shareholders.
Author : Edith Klein
Publisher : Nova Publishers
ISBN 13 : 9781594541735
Total Pages : 198 pages
Book Rating : 4.5/5 (417 download)
Download or read book Stock Exchanges, IPO's and Mutual Funds written by Edith Klein and published by Nova Publishers. This book was released on 2005 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: This important and timely new book offers in-depth and cogent analyses of the investment side of financial institutions and services. NYSE and regional trading are examined from 1993-2002. In addition, both competition and stock exchange reforms are studied. Secondary markets, derivatives and governance are the subject of comprehensive reviews. The timely issues of IPO activity, allocation, pricing and liquidity are presented and discussed. Hedge funds and their indices are carefully analysed as are funds of hedge funds. Mutual funds are dealt with within the context of entry decisions.
Author : Thomas Steven Zorn
Publisher :
ISBN 13 :
Total Pages : 448 pages
Book Rating : 4.:/5 (174 download)
Download or read book Information Differences, the Stockmarket and Managerial Incentives written by Thomas Steven Zorn and published by . This book was released on 1978 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Gene M. Grossman
Publisher :
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.X/5 (4 download)
Download or read book Managerial Incentives and the International Organization of Production written by Gene M. Grossman and published by . This book was released on 2002 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: We develop a model in which the heterogeneous firms in an industry choose their modes of organization and the location of their subsidiaries or suppliers. We assume that the principals of a firm are constrained in the nature of the contracts they can write with suppliers or employees. Our main result concerns the sorting of firms with different productivity levels into different organizational forms. We use the model to examine the implications of falling trade costs for the relevant prevalence of outsourcing and foreign direct investment.
Author : Musbau Kolawole Kayode
Publisher : GRIN Verlag
ISBN 13 : 3668035822
Total Pages : 18 pages
Book Rating : 4.6/5 (68 download)
Download or read book Managerial Incentives and Corporate Governance written by Musbau Kolawole Kayode and published by GRIN Verlag. This book was released on 2015-08-26 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research Paper (undergraduate) from the year 2015 in the subject Business economics - Accounting and Taxes, grade: A, ( Atlantic International University ) (SCHOOL OF BUSINESS AND ECONOMICS), language: English, abstract: Corporate governance involves different checks and balances with the ability to influence the incentives and monitoring of a firm’s management. Sound corporate governance is predominantly essential when a firm’s management is different from its ownership. Randall (2009) argued that in the absence of appropriate corporate governance, managers who are separate from a company’s ownership may not be incentivized to work hard towards achieving shareholders’ goal of maximizing profits. Instead, non-owner managers might end up lavishly spending money and other resources in ways that directly benefits themselves, for example on perks, and living an expensive life. Surprisingly, some other managers may be tempted to spend firm’s money to accumulate personal wealth through frauds or theft.
Author : Louis Putterman
Publisher : Cambridge University Press
ISBN 13 : 9780521556286
Total Pages : 404 pages
Book Rating : 4.5/5 (562 download)
Download or read book The Economic Nature of the Firm written by Louis Putterman and published by Cambridge University Press. This book was released on 1996-01-26 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book brings together selections from the most influential writings on the internal economic organisation of business firms.
Author : David Scott North
Publisher :
ISBN 13 :
Total Pages : 252 pages
Book Rating : 4.3/5 (129 download)
Download or read book The Role of Managerial Incentives in Corporate Acquisitions and Corporate Mergers and Top Management Turnover written by David Scott North and published by . This book was released on 2000 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Elias Albagli
Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.:/5 (124 download)
Download or read book Information Aggregation, Investment, and Managerial Incentives written by Elias Albagli and published by . This book was released on 2011 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Chandra S. Mishra
Publisher : Springer
ISBN 13 : 1137371463
Total Pages : 520 pages
Book Rating : 4.1/5 (373 download)
Download or read book The Theory of Entrepreneurship written by Chandra S. Mishra and published by Springer. This book was released on 2014-12-04 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Theory of Entrepreneurship examines the interiors of the entrepreneurial value creation process, and offers a new unified and comprehensive theory to afford empirical investigations as well as delineate a broader view of the entrepreneurial contextual milieu.
