Evidence on managerial entrenchment effects on firm value
We investigate managerial entrenchment effects on firm value. Conditioning investment and Research and Development (R&D) spending on a managerial entrenchment indicator, we find that under managerial entrenchment investment and spending tend to be higher. Under some simplifying assumptions, we f...
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2016
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| Online Access: | http://hdl.handle.net/10725/3839 http://dx.doi.org/10.1504/IJFSM.2013.056313 http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php http://www.inderscienceonline.com/doi/pdf/10.1504/IJFSM.2013.056313 |
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