Myopic corporate behaviour with optimal management incentives
Article Abstract:
Shareholders choose an incentive contract that promotes a bias towards short-term returns when managers trade their own account on the stock market that is observable to market participants but not verifiable in court. The short-term bias is greater when the optimal contract supports low-powered management incentives. Moreover, managers favor short-term stock prices and exhibit myopic behavior when the ratio of short-term to long-term stock price volatility is smaller.
Publication Name: Journal of Industrial Economics
Subject: Economics
ISSN: 0022-1821
Year: 1999
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Paying for loyalty: product bundling in oligopoly
Article Abstract:
The benefits of offering of huge discounts by retail chains for loyal customers in multiple market places are examined and proved.
Publication Name: Journal of Industrial Economics
Subject: Economics
ISSN: 0022-1821
Year: 2006
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Relationships, competition and the structure of investment banking markets
Article Abstract:
The impact of competitions on relationship management of investment banks and market structure is evaluated.
Publication Name: Journal of Industrial Economics
Subject: Economics
ISSN: 0022-1821
Year: 2006
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- Abstracts: RussiaEs new policy of cooperation with international financial institutions. The political economy of Russia's accession to the World Trade Organization
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