Managerial turnover and the theory of short-termism
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- Bengt Holmstrom & I. Ricard & Joan Costa, 1984.
"Managerial Incentives and Capital Management,"
Cowles Foundation Discussion Papers
729, Cowles Foundation for Research in Economics, Yale University.
- Webb, David C, 1993. " The Trade-Off between Cash Flow and Net Present Value," Scandinavian Journal of Economics, Wiley Blackwell, vol. 95(1), pages 65-75.
- Stein, Jeremy C, 1989. "Efficient Capital Markets, Inefficient Firms: A Model of Myopic Corporate Behavior," The Quarterly Journal of Economics, MIT Press, vol. 104(4), pages 655-69, November.
- Shleifer, Andrei & Vishny, Robert W, 1990. "Equilibrium Short Horizons of Investors and Firms," American Economic Review, American Economic Association, vol. 80(2), pages 148-53, May.
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