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.

Download Now

Read Online

Here is Download Link

Leave a Reply

Your email address will not be published. Required fields are marked *