𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Managerial incentives for undertaking exchange offers

✍ Scribed by Yash P. Joshi; Anil K. Makhija

Book ID
112143281
Publisher
John Wiley and Sons
Year
1994
Tongue
English
Weight
1010 KB
Volume
15
Category
Article
ISSN
0143-6570

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## 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 β€” an innovation