Which one of the following statements as to the theoretical impact of competition on managerial performance and firm value is true?
A) Competition always increases managerial performance.
B) Competition may reduce as well as increase managers' incentives to work hard.
C) The positive income effect dominates only under certain, specific conditions.
D) Both B and C are correct.
Correct Answer:
Verified
Q2: Studies analysing the impact of managerial ownership
Q3: Dividends may fulfil a corporate governance role.
A)Forcing
Q4: The empirical evidence on institutional investors suggests
Q5: Which one of the following statements is
Q6: Which one of the following statements is
Q7: Which one of the following statements is
Q8: Empirical studies suggest that targets of hostile
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