Management Turnover and Myopic Decision-Making (Manuscripts)

ABSTRACT This paper provides an agency theory explanation for the managerial myopia, or shortsightedness that is present in many corporations. Our premise is that corporate managers may not actually be short-sighted, but are acting in what they perceive as their personal long-term best interests, rather than maximizing shareholders’ wealth. Managers may perceive an implicit contract, based on the experience of their predecessors, regarding their expected longevity with their current employers.

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Yale Law Journal Volume 125 Number 3 January 2016


Yale Law Journal Volume 125 Number 3 January 2016 Download Now

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Author by : Yale Law Journal
Languange Used : en
Release Date : 2016-01-22
Publisher by : Quid Pro Books






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The Oxford Handbook Of Corporate Law And Governance Download Now

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Author by : Jeffrey N. Gordon
Languange Used : en
Release Date : 2018-05-16
Publisher by : Oxford University Press






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Judgement In Managerial Decision Making Download Now

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Author by : Max H. Bazerman
Languange Used : en
Release Date : 2002-08-08
Publisher by : Wiley






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The Employment Relationship Key Challenges For Hr Download Now

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Author by : Paul Sparrow
Languange Used : en
Release Date : 2012-05-04
Publisher by : Routledge






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Social Entrepreneurship And Sustainable Business Models Download Now

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Author by : Anirudh Agrawal
Languange Used : en
Release Date : 2018-05-02
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Social Psychology And Organizations Download Now

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Author by : David De Cremer
Languange Used : en
Release Date : 2011-01-07
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Author by : Ann Howard
Languange Used : en
Release Date : 1995-07-21
Publisher by : Pfeiffer






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