抄録
Our model shows that it is optimal for shareholders to choose boards of directors whose preferences do not align with those of the shareholders. Such a board composition works as the shareholders' commitment to providing an incentive for risk-averse CEOs.
| 本文言語 | English |
|---|---|
| ページ（範囲） | 846-852 |
| ページ数 | 7 |
| ジャーナル | Economics Bulletin |
| 巻 | 37 |
| 号 | 2 |
| 出版ステータス | Published - 2017 4月 22 |
ASJC Scopus subject areas
- 経済学、計量経済学および金融学（全般）