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. Agency theory's insistence on linking the compensation of managers and directors as closely as possible to firm performance …
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. Agency theory’s insistence on linking the compensation of managers and directors as closely as possible to firm performance …
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. Agency theory's insistence on linking the compensation of managers and directors as closely as possible to firm performance …
Persistent link: https://www.econbiz.de/10013319244
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The seminal paper by Salant, Switzer and Reynolds (1983) showed that merger in a standard Cournot framework with linear demand and linear costs is not profitable unless a large majority of the firms are involved in the merger. However, many strategic aspects matter for firm competition such as...
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firms compete in an international Cournot oligopoly, and in which countries use strategic trade policy. We find that firms …
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