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While shareholders direct influence on management decisions may be small, the takeover threat could serve as an … indirect but effective mechanism for shareholders to influence management. We introduce the takeover game, an experimental … whether to accept a takeover offers made in pre-determined periods. This novel setting has the flavor of a repeated trust game …
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Abstract: While shareholders direct influence on management decisions may be small, the takeover threat could serve as … an indirect but effective mechanism for shareholders to influence management. We introduce the takeover game, an … whether to accept a takeover offers made in pre-determined periods. This novel setting has the flavor of a repeated trust game …
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estimates of capital productivity and firm-level efficiency in Soviet industry are correct, enterprise managers in Russia …
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