search query: @author Macho-Stadler, I. / total: 5
reference: 4 / 5
| Author: | Barros, F. Macho-Stadler, I. |
| Title: | Competition for managers and product market efficiency |
| Journal: | Journal of Economics and Management Strategy
1998 : SPRING, VOL. 7:1, p. 89-104 |
| Index terms: | COMPETITION MANAGERS PRODUCTS MARKET EFFICIENCY |
| Language: | eng |
| Abstract: | The authors investigate whether competition between two firms to hire managers with different abilities might affect efficiency in the product market, when a manager's effort is his/her private information. The authors conclude that competition for managers might lead to an improvement in efficiency in the market of the firm that attracts the most efficient manager. Competition for managers might even eliminate the productive efficiency loss due to the asymmetry of information in the firm-manager relationship. |
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