Hermalin, Benjamin E. (contributor); … - 2008
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acerbate agency problems: The release of information has the potential to harm
agents (e.g., management) either through the ….g., management) either
through the actions it might induce the principals to take (e.g., dismiss the agent) or because
they care … owners (e.g., as in Section 3.3, where
distortions arise from myopic management as in Stein, 1989).
One response, as in …