Ownership and Managerial Competition: Employee, Customer, or Outside Ownership
Posted: 7 Jan 1999
Date Written: June 1998
It is widely accepted that only the protection of private property rights and competition by rival firms provide adequate incentives to perform for managers and employees. However, it is not entirely clear how ownership interacts with competition. This paper centres around the question of ownership of firms and managerial competition and how these affect managers and employees' incentives to invest in human capital.
JEL Classification: G31, G32
Suggested Citation: Suggested Citation