incentives to join an exit strategy are not aligned with social incentives, and hence exit can lead to a worse outcome than if …

firms to act in a socially responsible manner. Furthermore, we demonstrate that individual incentives to join an exit … strategy are not necessarily aligned with social incentives, whereas they are when well-diversified investors are allowed to …

firms to act in a socially responsible manner. Furthermore, we demonstrate that individual incentives to join an exit … strategy are not necessarily aligned with social incentives, whereas they are when well-diversified investors are allowed to …

incentives to join an exit strategy are not aligned with social incentives, and hence exit can lead to a worse outcome than if …

When economists talk about regulatory capture, they do not imply that regulators are corrupt or lack integrity. In fact … precisely because it is driven by standard economic incentives, which push even the most well-intentioned regulators to cater to … the interest of the regulated. These incentives are built in their positions. Regulators depend upon the regulated for …

with career-concerns, where institutional owners increase managerial incentives to innovate by reducing the career risk of …