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来源类型Working Paper
规范类型报告
DOI10.3386/w20028
来源IDWorking Paper 20028
Understanding Corporate Governance Through Learning Models of Managerial Competence
Benjamin E. Hermalin; Michael S. Weisbach
发表日期2014-04-10
出版年2014
语种英语
摘要A manager's shareholders, board of directors, and potential future employers are continually assessing his ability. A rich literature has documented that this insight has profound implications for corporate governance because assessment generates incentives (good and bad), introduces assorted risks, and affects the various battles that rage among the relevant actors for corporate control. Consequently, assessment (or learning) is a key perspective from which to study, evaluate, and possibly even regulate corporate governance. Moreover, because learning is a behavior notoriously subject to systematic biases, this perspective is a natural avenue through which to introduce behavioral and psychological insights into the study of corporate governance.
主题Microeconomics ; Economics of Information ; Financial Economics ; Corporate Finance ; Other ; Accounting, Marketing, and Personnel
URLhttps://www.nber.org/papers/w20028
来源智库National Bureau of Economic Research (United States)
引用统计
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/577702
推荐引用方式
GB/T 7714
Benjamin E. Hermalin,Michael S. Weisbach. Understanding Corporate Governance Through Learning Models of Managerial Competence. 2014.
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