Does Asset Ownership Always Motivate Managers? Outside Options and the Property Rights Theory of the Firm
- 1 May 1998
- journal article
- Published by Oxford University Press (OUP) in The Quarterly Journal of Economics
- Vol. 113 (2) , 361-386
- https://doi.org/10.1162/003355398555621
Abstract
This paper studies the Grossman-Hart-Moore (GHM) “property rights” approach to the theory of the firm under alternating-offers bargaining. When managKeywords
This publication has 3 references indexed in Scilit:
- Power in a Theory of the FirmPublished by National Bureau of Economic Research ,1997
- Firms, Contracts, and Financial StructurePublished by Oxford University Press (OUP) ,1995
- Perfect Equilibrium in a Bargaining ModelEconometrica, 1982