Do entrepreneurs work less or harder when they borrow more? This paper tests how entrepreneurial effort is affected by the firm's financing choice. In line with the typical agency theory prediction, entrepreneur effort is negatively related to the magnitude of equity financing. Furthermore,...

Purpose – This paper aims to derive insights about optimal managerial compensation and firm capital structure in unionized firms. Design/methodology/approach – This paper uses applied game theory to address problems of CEO motivation in companies with unionized workforces. Findings –...

Purpose – This paper aims to derive insights about optimal managerial compensation and firm capital structure in unionized firms. Design/methodology/approach – This paper uses applied game theory to address problems of CEO motivation in companies with unionized workforces. Findings –...