Own-company stockholding and work effort preferences of an unconstrained executive
We develop a framework for analyzing an executive's own-company stockholding and work effort preferences. The executive, characterized by risk aversion and work effectiveness parameters, invests his personal wealth without constraint in the financial market, including the stock of his own compa...
| Main Authors: | , , |
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| Format: | Journal Article |
| Published: |
Springer Berlin Heidelberg
2010
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| Subjects: | |
| Online Access: | http://hdl.handle.net/20.500.11937/30229 |