Marhfor, Ahmed; Bouslah, Kais; MacZali, Bouchra - In: ACRN journal of finance and risk perspectives 9 (2020) 1, pp. 15-31
investments provide value for firm’s shareholders and stakeholders, they can also decrease firm’s competitors’ value (negative … externality hypothesis). As a result, inefficient CEO compensation may arise even if CSR choice allows managers to act in the best …