Enjoying the Quiet Life? Corporate Governance and Managerial Preferences
نویسندگان
چکیده
منابع مشابه
Enjoying the Quiet Life? Corporate Governance and Managerial Preferences
Much of our understanding of corporations builds on the idea that managers, when they are not closely monitored, will pursue goals that are not in shareholders’ interests. But what goals would managers pursue? This paper uses variation in corporate governance generated by state adoption of antitakeover laws to empirically map out managerial preferences. We use plant-level data and exploit a uni...
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ژورنال
عنوان ژورنال: Journal of Political Economy
سال: 2003
ISSN: 0022-3808,1537-534X
DOI: 10.1086/376950