Showing 1 - 7 of 7
This paper presents a model of stock market equilibrium with a finite number of corporations and studies its normative properties. Each firm is run by a manager whose effort is unobservable and influences the probabilities of the firm’s outcomes. The Board of Directors of each firm chooses an...
Persistent link: https://www.econbiz.de/10003728061
Persistent link: https://www.econbiz.de/10003738539
Persistent link: https://www.econbiz.de/10003743338
Persistent link: https://www.econbiz.de/10002777480
Persistent link: https://www.econbiz.de/10001986758
Persistent link: https://www.econbiz.de/10001986767
Persistent link: https://www.econbiz.de/10001696527