𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Managerial Incentives for Takeovers

✍ Scribed by Ramon Faulí-Oller; Massimo Motta


Book ID
110914583
Publisher
John Wiley and Sons
Year
1996
Tongue
English
Weight
910 KB
Volume
5
Category
Article
ISSN
1058-6407

No coin nor oath required. For personal study only.


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Managerial incentives for process innova
✍ Bastiaan M. Overvest; Jasper Veldman 📂 Article 📅 2008 🏛 John Wiley and Sons 🌐 English ⚖ 116 KB

## Abstract Cost‐reducing investments by firms are often not publicly observable. This lack of observability would preclude a strategic use of process innovation. However, we show that an observable and verifiable contract that provides direct monetary incentives for cost reductions — an innovation