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Monitoring the efforts versus aligning the incentives of managers with those of their stakeholders

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dc.contributor.author Toukan, Amjad
dc.date.accessioned 2016-12-14T12:16:38Z
dc.date.available 2016-12-14T12:16:38Z
dc.date.copyright 2015 en_US
dc.identifier.issn 1727-9232 en_US
dc.identifier.uri http://hdl.handle.net/10725/4943
dc.description.abstract I examine the case where a firm bids on a private contract. To win the award, the firm may choose to comply with a demand by the corrupt manager for a share of the value of the project to avoid being excluded from trade. My analysis shows that in countries with weak enforcement of property rights and under the prevalence of corruption, we will arrive at an equilibrium that is sub-optimal in the sense that stakeholders’ welfare is not maximized. My analysis also shows that the optimal way to avoid this sub-optimality is to align managers’ incentives with those of their stakeholders. en_US
dc.language.iso en en_US
dc.title Monitoring the efforts versus aligning the incentives of managers with those of their stakeholders en_US
dc.type Article en_US
dc.description.version Published en_US
dc.author.school SOB en_US
dc.author.idnumber 200904980 en_US
dc.author.department Department of Economics (ECON) en_US
dc.description.embargo N/A en_US
dc.relation.journal Corporate Ownership & Control en_US
dc.journal.volume 13 en_US
dc.journal.issue 1 en_US
dc.article.pages 824-831
dc.keywords Corruption en_US
dc.keywords Private Sector Procurement en_US
dc.keywords Shareholders Welfare en_US
dc.keywords Contest Functions en_US
dc.keywords Conflict of Interest en_US
dc.keywords Corporate Governance en_US
dc.identifier.doi http://dx.doi.org/10.22495/cocv13i1c8p2
dc.identifier.ctation Toukan, A., Monitoring the efforts versus aligning the incentives of managers with those of their stakeholders. Corporate Ownership & Control, 13 (1), 824-831 en_US
dc.author.email amjad.toukan@lau.edu.lb en_US
dc.identifier.tou http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php en_US
dc.identifier.url http://www.virtusinterpress.org/MONITORING-THE-EFFORTS-VERSUS.html en_US
dc.author.affiliation Lebanese American University en_US


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