Book Details
Format
Paperback
Pages
55
Language
English
Published
Aug 24, 2018
Publisher
Forgotten Books
ISBN-10
1330500512
ISBN-13
9781330500514
Description
Excerpt from Shareholder Value Maximization and Product Market Competition
Instead, managers learn along with the market about their types. Nevertheless, managerstry to manipulate the market's assessments through unobservable actions. Similarly, in our model, firms are not privately informed about their inherent profitability, but try to in?uence the market's assessments through their unobservable product-market strategies.
Instead, managers learn along with the market about their types. Nevertheless, managerstry to manipulate the market's assessments through unobservable actions. Similarly, in our model, firms are not privately informed about their inherent profitability, but try to in?uence the market's assessments through their unobservable product-market strategies.
Genres
History