Enjoying the Quiet Life? Corporate Governance and Managerial Preferences

Bertrand, Marianne; Mullainathan, Sendhil

doi:10.1086/376950

Public

Enjoying the Quiet Life? Corporate Governance and Managerial Preferences

Published in Journal of Political Economy • Sep 23, 2003

Authors:

Marianne Bertrand

Sendhil Mullainathan

Abstract

Much of our understanding of corporations builds on the idea that managers, when they are not closely monitored, will pursue goals that are not in shareholders' interests. But what goals would managers pursue? This paper uses variation in corporate governance generated by state adoption of antitakeo...

View

Paywalled

Subject

Corporate governance

Exploit

Shareholder

Generate AI Take for this paper

Highlights, strengths & weaknesses, commercial applications, and societal impact — written for this paper on demand.

Subject

Generate AI Take for this paper

Discussions