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Agency theory suggests that the interests of opportunistic, self-interested agents will conflict with those of principals. Stewardship theory suggests instead that executives' interests will be aligned with company interests and executives thus be more intrinsically motivated than predicted by...
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attractiveness of entrepreneurship relative to a contract with flat pay, we find that low cash compensation in the early years can …
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. This paper uses rich data from the registers of Denmark to identify and compare managers with and without entrepreneurial …
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