Common ownership, competition, and top management incentives

We present a mechanism based on managerial incentives through which common ownership affects product market outcomes. Firm-level variation in common ownership causes variation in managerial incentives and productivity across firms, which leads to intraindustry and intrafirm cross-market variation in...

תיאור מלא

מידע ביבליוגרפי
Main Authors: Antón, M, Ederer, F, Giné, M, Schmalz, M
פורמט: Journal article
שפה:English
יצא לאור: University of Chicago Press 2023