The Effect of Insider Trading on Insiders' Reaction to Opportunities to "Waste" Corporate Value
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This paper analyzes certain effects of insider trading on the principal-agent problem in corporations. Specifically, we focus on those managerial choices that confront managers with the need to decide between options that produce different corporate value but do not differ in the managerial effort
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美国国家经济研究局创建时间：
1991-02-01
