The Manager’s Share

Abstract

It is sometimes argued in the corporate governance literature that the total share of corporate value that can be extracted by a manager is fixed and independent of the avenues through which value is extracted. Shareholders need not worry about an activity such as insider trading, the story goes, because any profits achieved by a manager through insider… (More)

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Cite this paper

@inproceedings{Walker2005TheMS, title={The Manager’s Share}, author={David Ian Walker}, year={2005} }