Industrial Structure, Executives' Pay And Myopic Risk Taking.

Industrial Structure, Executives' Pay And Myopic Risk Taking.

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This study outlines a new theory linking industrial structure to optimal employment contracts and value reducing risk taking. Firms hire their executives using optimal contracts derived within a competitive labour market. To motivate effort firms must use some variable remuneration. Such remunera...

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Bibliografiske detaljer
Hovedforfatter:	Thanassoulis, J
Format:	Working paper
Sprog:	English
Udgivet:	Department of Economics (University of Oxford) 2011

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