TITLE

AGENCY PROBLEMS ASSOCIATED WITH MANAGERS HAVING DISINCENTIVES TO ABANDON INVESTMENTS

AUTHOR(S)
McDaniel, Wm R.
PUB. DATE
June 1995
SOURCE
Human Resource Management Review;Summer95, Vol. 5 Issue 2, p103
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
Studies employment agency problems associated with managers having disincentive to abandon investments. Overinvestment at the time of project initiation; Practices that increase the value of risky debt; Poor investment policy when rationing exists.
ACCESSION #
5790050

 

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