The Impact of the Agency Environment on Management’s Long-Term Focus
The 1991 Credit Lyonnais court ruling expanded the fiduciary duties of managers towards debtholders in near-insolvent Delaware firms. Differences-in-differences tests reveal that innovation efficiency increased among all Delaware firms following the ruling. Further, Delaware firms close to (far from...
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| Main Authors: | , , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2015
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soa_research/1421 https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=2420&context=soa_research |
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| Institution: | Singapore Management University |
| Language: | English |