Showing 1 - 4 of 4
Persistent link: https://www.econbiz.de/10005823947
An important aspect of an organizational form is the extent to which it allows observation of payoff relevant environmental variables. For example, a firm operating in two locally separated markets can choose between appointing a central manager or two lacal managers. It is plausible that in the...
Persistent link: https://www.econbiz.de/10005168431
Cost-benefit analysis (CBA) is the most popular evaluation tool in economics. However, it is widely recognised that one of its main limitations is the impossibility of splitting efficiency and equity issues. The present paper, from an economic theoretical point of view, will present a...
Persistent link: https://www.econbiz.de/10005168448
Managerial reputation could induce managers to make mixed blessing acquisitions for shareholders. From a managerail ability learning model, we show that managers' acquisitions may reduce the firm's solvency unless the acquisition return first-degree stochastic dominates the alternative action...
Persistent link: https://www.econbiz.de/10005582618