Add to ORKGMarket share objectives are prominent in many industries, especially where man- agers pay much attention to league table rankings. This paper explores the strategic rationale for giving managers incentives based on market share in an oligopoly com- peting in strategic substitutes. Moreover, the paper discusses evidence on executive compensation practice in the automotive and investment banking industries. As predicted by the theory, …rms in both industries use explicit contractual incentives based on market share. The pro…tability squeeze in the US car industry due to aggressive buyer discount programs can thus be understood as a consequence of prevailing management incentives
The paper examines the equilibrium relationship between managerial incentives and product market com...
Standard corporate finance theories assume the absence of strategic product market interactions or th...
We study a model in which a manager can engage in unobservable cost-cutting effort, possesses privat...
Market share objectives are prominent in many industries, especially where managers pay much attenti...
Market share objectives are prominent in many industries, especially where man- agers pay much atten...
Market share objectives are prominent in many industries, especially where managers pay much attenti...
We show that managerial compensation levels and incentives inherit the strategic properties of the s...
In this paper, we consider a two-stage (sequential) game as introduced by Vickers (1985), Fershtman ...
There is an ongoing theoretical debate about whether firm-owners would optimally use stronger or wea...
The paper investigates pro- and anticompetitive e¤ects the use of market share discounts (MSDs). Whi...
Corporations are very common in the business world. In this kind of organizations shareholders are ...
This paper argues that the presence of both profit-based and stock price-based components in compens...
The main aim of this paper is to study the propensity of consumer cooperatives (Coops) to use incent...
We study oligopolistic competition in product markets where the firms’ quantity decisions are delega...
Mutual funds, pension funds and other institutional investors are a growing presence in U.S. equity ...
The paper examines the equilibrium relationship between managerial incentives and product market com...
Standard corporate finance theories assume the absence of strategic product market interactions or th...
We study a model in which a manager can engage in unobservable cost-cutting effort, possesses privat...
Market share objectives are prominent in many industries, especially where managers pay much attenti...
Market share objectives are prominent in many industries, especially where man- agers pay much atten...
Market share objectives are prominent in many industries, especially where managers pay much attenti...
We show that managerial compensation levels and incentives inherit the strategic properties of the s...
In this paper, we consider a two-stage (sequential) game as introduced by Vickers (1985), Fershtman ...
There is an ongoing theoretical debate about whether firm-owners would optimally use stronger or wea...
The paper investigates pro- and anticompetitive e¤ects the use of market share discounts (MSDs). Whi...
Corporations are very common in the business world. In this kind of organizations shareholders are ...
This paper argues that the presence of both profit-based and stock price-based components in compens...
The main aim of this paper is to study the propensity of consumer cooperatives (Coops) to use incent...
We study oligopolistic competition in product markets where the firms’ quantity decisions are delega...
Mutual funds, pension funds and other institutional investors are a growing presence in U.S. equity ...
The paper examines the equilibrium relationship between managerial incentives and product market com...
Standard corporate finance theories assume the absence of strategic product market interactions or th...
We study a model in which a manager can engage in unobservable cost-cutting effort, possesses privat...