منابع مشابه
Managerial Hedging and Incentive Compensation in Stock Market Economies
Managerial Hedging and Incentive Compensation in Stock Market Economies Incentive compensation exposes managers to the risk of their firms. Managers can hedge their aggregate risk exposure by trading in financial markets, but cannot hedge their firmspecific exposure. This gives them an incentive to pass up firm-specific projects in favor of standard projects that contain greater aggregate risk....
متن کاملManagerial cash use, default, and corporate financial policies
Article history: Received 17 January 2014 Received in revised form 28 May 2014 Accepted 29 May 2014 Available online 12 June 2014 This article investigates the impact of the observation that managers can use cash to defer bankruptcy on default risk and corporate financial policies. I show that with managerial cash use to defer default, the impact of cash on default risk depends on two opposing ...
متن کاملStrategic Trade Policies and Managerial Incentives under International Cross Ownership
This paper examines the implications of the separation of ownership and management based on a strategic export promotion policy when the shares of exporting firms are internationally owned by the residents of both countries in an international duopolistic market. Although the presence of either cross ownership or managerial delegation weakens the exporting countries’ subsidization incentives, t...
متن کاملPolicies and managerial guidelines for national cancer control programs.
Millions of lives could be saved each year if countries made use of existing knowledge and the best cost-effective methods to prevent and treat cancer, according to a new report from the World Health Organization (WHO). Entitled National Cancer Control Programs: Policies and Managerial Guidelines, the WHO report says that one-third of the 10 million new cases of cancer that are diagnosed global...
متن کاملPolicies for Sharing Distributed Probabilistic Beliefs
In this paper, we present several general policies for deciding when to share probabilistic beliefs between agents for distributed monitoring. In order to evalaute these policies, we have formulated an application in network intrusion detection as a multi-agent monitoring problem. We have evaluated our policies based on packet trace data from a real network. Based on this evaluation, we have de...
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ژورنال
عنوان ژورنال: Journal of Economic Behavior & Organization
سال: 2015
ISSN: 0167-2681
DOI: 10.1016/j.jebo.2015.08.001