A conditional logit model for executive incentives

In this paper, firm and executive characteristics are directly related to the probability of termination of the contract of the chief executive of a firm. A conditional logit model is specified from which implications concerning profit maximization can be inferred.

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Bibliographic Details
Published in:Economics letters 1983, Vol.13 (2), p.283-289
Main Author: Courchane, M.J.
Format: Article
Language:English
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Summary:In this paper, firm and executive characteristics are directly related to the probability of termination of the contract of the chief executive of a firm. A conditional logit model is specified from which implications concerning profit maximization can be inferred.
ISSN:0165-1765
1873-7374
DOI:10.1016/0165-1765(83)90100-3