Renegotiation, investment horizons, and managerial discretion
In this article, the authors show that the evolution of managerial entrenchment can distort investment horizons. Both myopic and hypermetropic distortions can arise. The direction of these distortions is determined by the locus of control and their pervasiveness by the degree of management entrenchm...
| Main Authors: | , |
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| Format: | Journal article |
| Published: |
1997
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