Filetype pdf managerial incentives in an entrepreneurial stock market model
Rankings Top Papers Top Authors Top Organizations. European Finance Association EFA , EFA Glasgow; RAND Journal of Economics, Forthcoming. However, secondary stock market prices, often viewed as the most 'informationally efficient' prices in the economy, have no direct role in the allocation of equity capital since managers have discretion in determining the level of investment. If you experience problems downloading a file, check if you have the proper application to view it first. Cookies are used by this site. Stern School of Business 44 West 4th Street New York, NY United States.