Similar Search Results

Do bankers sacrifice value to build empires? : Managerial incentives, industry consolidation, and financial performance

Hughes, Joseph P.; Lang, William W.; Mester, Loretta J.; … - 2002 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001657226

Are scale economies in banking elusive or illusive? : Evidence obtained by incorporating capital structure and risk-taking into models of bank production

Hughes, Joseph P.; Mester, Loretta J.; Moon, Choon-geol - In: Journal of banking & finance 25 (2001) 12, pp. 2169-2208

Persistent link: https://www.econbiz.de/10001636679

Do bankers sacrifice value to build empires? : Managerial incentives, industry consolidtion, and financial performance

Hughes, Joseph P.; Lang, William W.; Mester, Loretta J.; … - In: Journal of banking & finance 27 (2003) 3, pp. 417-447

Persistent link: https://www.econbiz.de/10001738950

Estimating managers' utility-maximizing demand for agency goods

Hughes, Joseph P. (contributor); … - 2003 - [Elektronische Ressource]

An empirical model of managers' demand for agency goods is derived and estimated using the Almost Ideal Demand System of Deaton and Muellbauer (AER 1980). As in Jensen and Meckling (JFE 1976), we derive managers' demand for agency goods by maximizing a managerial utility function where managers...