Bovenberg, Lans; Teulings, Coen - Institute for the Study of Labor (IZA) - 2008
insiders on the surplus of the firm is damaging. The transition from the Rhineland model (in which management serves the … and reducing job creation. This is why corporate governance legislation that gives moral legitimacy to the claim of … firm is damaging. The transition from the Rhineland model (in which management serves
the interests of all stakeholders …