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This book covers the multi-faceted incentives, trade-offs, and challenges associated with the economics and politics of resource efficiency investments. By contributing a wide range of empirical evidence, practitioners' insights, and policy perspectives, this book carefully examines the role of...
Persistent link: https://www.econbiz.de/10012396857
This book covers the multi-faceted incentives, trade-offs, and challenges associated with the economics and politics of resource efficiency investments. By contributing a wide range of empirical evidence, practitioners' insights, and policy perspectives, this book carefully examines the role of...
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, inside ownership, and the marginal cost of capital. We discuss implications for the determinants of firm size, the …We investigate the cost of capital in a model with an agency conflict between inside managers and outside shareholders …. Inside ownership reflects the classic tradeoff between incentives and risk diversification, and the severity of agency costs …
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