Dostie, Benoit; Jayaraman, Rajshri - 2009
centives, and whether this efiect dominates managers’ intrinsic motivation to
avert bankruptcy. (We elaborate upon this in the … not flrms per
se, but rather managers working in these flrms who typically introduce process
innovations. Managerial …-contractible, the threat of liquidation in-
duces managers to work harder in order to innovate, reduce costs, and avert
bankruptcy.
At …