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BARGAINING OVER MANAGERIAL DELEGATION CONTRACTS AND MERGER INCENTIVES WITH ASYMMETRIC COSTS

✍ Scribed by YASUHIKO NAKAMURA


Book ID
111042841
Publisher
John Wiley and Sons
Year
2011
Tongue
English
Weight
215 KB
Volume
79
Category
Article
ISSN
1463-6786

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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