so, it develops a structural econometric model that allows managers to be heterogeneous in their ability to correctly … older firms with older, more experienced managers have higher estimated levels of strategic ability. Managers with degrees … in economics or business, and managers with graduate degrees, also have higher estimated levels of strategic ability. We …

assign a non-profit-maximization objective to their managers. Consequently, managers in a delegation game invest more in cost …

assign a non-profit-maximization objective to their managers. Consequently, managers in a delegation game invest more in cost …