Product Market Competition, Incentives and Fraudulent Behavior
AbstractThe present paper studies incentive provision in a model where a manager can affect the firm's stock price by exerting unobservable effort and through costly, deceptive signalling and investigates the role product market competition plays in shaping shareholders' trade-off between inducing effort and fraud.
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Bibliographic InfoPaper provided by Dipartimento Scienze Economiche, Universita' di Bologna in its series Working Papers with number 638.
Date of creation: Jun 2008
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Other versions of this item:
- Andergassen, Rainer, 2010. "Product market competition, incentives and fraudulent behavior," Economics Letters, Elsevier, vol. 107(2), pages 201-204, May.
- NEP-ALL-2008-09-13 (All new papers)
- NEP-COM-2008-09-13 (Industrial Competition)
- NEP-MIC-2008-09-13 (Microeconomics)
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