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Strategic managerial incentives and cross ownership structure: A note

✍ Scribed by Inés Macho-Stadler; Thierry Verdier

Book ID
112500455
Publisher
Springer Vienna
Year
1991
Tongue
English
Weight
561 KB
Volume
53
Category
Article
ISSN
1617-7134

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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