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Effort signal outcome - PowerPoint PPT Presentation

EXIT AND VOICE IN CORPORATE GOVERNANCE 4th set of transparencies for ToCF

EXIT AND VOICE IN CORPORATE GOVERNANCE 4th set of transparencies for ToCF. I. . INTRODUCTION. Basic idea :. Agency problem (adverse selection, moral hazard,...). want to reduce asymmetry of information by "hiring monitors". 1 . ACTIVE VS PASSIVE MONITORS.

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Effort signal outcome - PowerPoint PPT Presentation

EXIT AND VOICE IN CORPORATE GOVERNANCE 4th set of transparencies for ToCF