terça-feira, janeiro 23, 2018

"enjoy the “quiet life.”"

"In competitive markets, managers have a strong incentive to give their best effort. But economists have long argued that when companies are insulated from competition, their managers may not be motivated to maximize the profit of the firm and instead may choose to enjoy the “quiet life.” Similarly, without sufficient monitoring by owners of the firms or the stock market, managers might be tempted to enjoy the quiet life instead of making hard decisions or taking on difficult tasks.
Taken together, our results are consistent with the quiet life hypothesis. Without competition or monitoring, managers do seem to put off hard decisions."
Trechos retirados de "The “Quiet Life” Hypothesis Is Real: Managers Will Put Off Hard Decisions If They Can"

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