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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Languange Used : en
Release Date : 2018-05-16
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Author by : Stafford Beer
Languange Used : en
Release Date : 1966
Publisher by : London; New York: Wiley






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Author by : Steven Shavell
Languange Used : en
Release Date : 2009-06-30
Publisher by : Harvard University Press






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Languange Used : en
Release Date : 2012-05-04
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Pay Without Performance Download Now

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Author by : Lucian A. Bebchuk
Languange Used : en
Release Date : 2009-07-01
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Author by : Ann Howard
Languange Used : en
Release Date : 1995-07-21
Publisher by : Pfeiffer






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