Tsai, Jeng-Yan; Lin, Jyh-Horng - In: International Review of Financial Analysis 21 (2012) C, pp. 1-9
Sunflower management describes a style of management adopted by chief executive officer (CEO) in an attempt to produce a consensus between his own view and the view that he ascribes to the board. This paper develops a model that combines the contingent-claim pricing of bank equity and the...