Enjoying the Quiet Life: Corporate Decision-making by Entrenched Managers
Published Date
Copyright 2018
DOI 10.1016/j.jjie.2017.12.003
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Copy CitationNaoshi Ikeda, Kotaro Inoue, and Sho Watanabe, Corporate Governance (NBER-TCER-CEPR Conference) (Journal of the Japanese and International Economies, volume 47, 2018), chap. 5, https://www.nber.org/books-and-chapters/corporate-governance-nber-tcer-cepr-conference/enjoying-quiet-life-corporate-decision-making-entrenched-managers.
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In this study, we empirically test “quiet life hypothesis,” which predicts that managers who are subject to weak...