Article ID Journal Published Year Pages File Type
967423 Journal of Monetary Economics 2015 5 Pages PDF
Abstract
Glover and Levine provide an elegant framework to quantify the investment distortions created by managerial compensation. My discussion focuses on how one should model managers, on the potential endogeneity of managerial compensation, and on the macroeconomic relevance of the mechanism.
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Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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Discussion of “uncertainty, investment and managerial incentives” by Glover and Levine
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