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Tech Stock Valuation
book

Tech Stock Valuation

by Mark Hirschey
June 2003
Intermediate to advanced
271 pages
14h 54m
English
Academic Press
Content preview from Tech Stock Valuation
that are unusually risky or long-term in nature. In any event, it seems fair to
characterize shark repellent-adopting firms as relatively good performers when
compared against industry counterparts.
VII. MEASURES OF FIRM FINANCIAL POLICY
According to the management-entrenchment hypothesis, shark repellents are
adopted to enhance the job security of inefficient or otherwise self-interested
management (see Mahoney and Mahoney, 1993). Any such failure to adopt opti-
mal performance standards and financial policies is a type of agency problem that
arises when slack in the managerial labor market permits managers to pursue
value-reducing projects with excess ...
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Publisher Resources

ISBN: 9780123497048