Sita, Bernard Ben; Dah, Abdallah M.; Hallak, Waddah - In: International Journal of Financial Services Management 6 (2013) 2, pp. 93-104
We investigate managerial entrenchment effects on firm value. Conditioning investment and Research and Development (R%D) spending on a managerial entrenchment indicator, we find that under managerial entrenchment investment and spending tend to be higher. Under some simplifying assumptions, we...