Shareholder Value Maximization and Product Market Competition

Shareholder Value Maximization and Product Market Competition

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Aug 24, 2018 · Inglese · Brossura (55 pagine)
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Dettagli del libro

Formato Brossura
Pagine 55
Lingua Inglese
Pubblicato Aug 24, 2018
Editore Forgotten Books
ISBN-10 1330500512
ISBN-13 9781330500514

Descrizione

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.

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