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Firm heterogeneity in growth option value: the role of managerial incentives

✍ Scribed by Todd M. Alessandri; Tony W. Tong; Jeffrey J. Reuer

Book ID
112207325
Publisher
John Wiley and Sons
Year
2012
Tongue
English
Weight
259 KB
Volume
33
Category
Article
ISSN
0143-2095

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## Abstract A mixed duopoly setting is examined where a private non‐profit firm (NPO) competes with a private profit‐maximizer. The NPO's stakeholders select a contract for their managers. A novel NPO objective function is utilized which takes into account all the likely returns to the NPO's stakeh