Burhop, Carsten; Luebbers, Thorsten - Max-Planck-Institut zur Erforschung von … - 2008
In this paper, we evaluate the impact of cartelisation and managerial incentives on the productive efficiency of German … affect productive efficiency. Controlling for corporate governance variables shows that stronger managerial incentives were … significantly correlated with productive efficiency, whereas the debt-equity ratio did not influence it. …