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Bargaining over managerial delegation contracts and merger incentives in an international oligopoly

✍ Scribed by Yasuhiko Nakamura


Book ID
113878042
Publisher
Elsevier Science
Year
2011
Tongue
English
Weight
317 KB
Volume
65
Category
Article
ISSN
1090-9443

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## Abstract Modern corporate governance codes include clauses requiring the disclosure of managerial compensation. Such codes have been installed to protect shareholders' interests. In this paper, we explore the impact of such disclosure on consumer welfare. We consider two‐stage delegation games i