Managerial Incentives and Product Market Competition
- 1 April 1997
- journal article
- Published by Oxford University Press (OUP) in The Review of Economic Studies
- Vol. 64 (2) , 191-213
- https://doi.org/10.2307/2971709
Abstract
The paper shows that an increase in competition has two effects on managerial incentives: It increases the probability of liquidation, which has a poKeywords
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