Managerial Incentives and Capital Management
- 1 November 1986
- journal article
- Published by Oxford University Press (OUP) in The Quarterly Journal of Economics
- Vol. 101 (4) , 835-860
- https://doi.org/10.2307/1884180
Abstract
The paper shows how career concerns rather than effort aversion can induce a natural incongruity in risk preferences between managers and superiors.Keywords
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