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responsibility (ECSR). We consider a mixed oligopoly under cross-ownership between the private firms and compare three cases of … find that private managers always undertake ECSR, whereas public managers do so when there is severe environmental damage …. We also find that the ECSR incentives for welfare-weighted public managers are always lower than for their profit …
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Relative performance evaluation (“RPE”) is a useful tool for shielding risk averse agents from systematic uncertainty. However, RPE can also destroy firm value by encouraging executives to implement excessively aggressive product market strategies to improve their relative standing through...
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no longer innocuous, because two firms can share unique shocks not shared by another, or all other firms, in an oligopoly …
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