In this paper, we show how the conflict between the shareholders (owners) and managers of firms in terms of profit … plausible values and this range is determined by the conflict between shareholders and managers. The conflict as a closure, we … yields hysteresis in that it generates two different disequilibrium growth paths when shareholders and managers struggle to …

This study tests for racial discrimination against minority managers in Major League Baseball using financial … of minority managers, there is no evidence of discrimination against minorities. In fact, bettors prefer to wager on … minority managers by a statistically significant margin when they are favorites. This finding suggests that either the …