Bargaining over managerial contracts in
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Arjen van Witteloostuijn; Thijs Jansen; Arie van Lier
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Article
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2007
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John Wiley and Sons
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English
β 141 KB
## 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 twoβstage delegation games i