Do Advisory Fees Contain Evidence of a Principal‐Agent Conflict?

In a world where the objectives of managers differ from the objectives of shareholders, the analysis of management response to a tender offer must consider the possibility that management's response is a function of their equity interest in the company.

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Year of publication:	1993
Authors:	Stone, Charles A. ; Zissu, Anne
Published in:	Managerial Finance. - MCB UP Ltd, ISSN 1758-7743, ZDB-ID 2047612-7. - Vol. 19.1993, 1, p. 1-6
Publisher:	MCB UP Ltd

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Type of publication:	Article
Type of publication (narrower categories):	review-article
Language:	English
Other identifiers:	10.1108/eb013705 [DOI]
Source:	Other ZBW resources

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