Rent division, restructuring and managerial risk taking: A strategic bargaining model
This paper demonstrates that, when the manager of a poorly performing firm generates firm-specific rents, strategic considerations associated with anticipated future restructuring may lead to the adoption of risky operating policies. Furthermore, this bias toward risky policies may be exacerbated by...
| मुख्य लेखकों: | , |
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| स्वरूप: | Journal article |
| प्रकाशित: |
1993
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