Rémunération optimale des dirigeants: faut-il interdire les bénéfices privés ?
Christian At,
Nathalie Chappe,
Pierre-Henri Morand () and
Lionel Thomas
Revue d'économie politique, 2006, vol. 116, issue 6, 831-846
Abstract:
This model captures one of the key elements of the value diversion controversy. Within a standard mixed model, we show that shareholders are better off if they allow a certain amount of diversion even if it generates a dead-weight loss.
Keywords: private benefits; managerial compensation; asymmetric information (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:cai:repdal:redp_166_0831
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