Daniel F Garrett
Biographic Data
| ID | 5869355 |
|---|---|
| NAME | Daniel F Garrett |
| GIVEN NAMES | Daniel F |
| FAMILY NAME | Garrett |
| SIGNATURE | GARRETT D F |
| AFFILIATIONS | Toulouse School of Economics |
| VERIFIED | No |
| TOTAL WORKS | 1 |
| TOTAL CITATIONS | 0 |
| WORKS AS AUTHOR | 1 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 2012 |
| LATEST PUBLICATION YEAR | 2012 |
| H-INDEX | 0 |
Managerial Turnover in a Changing World
We characterize a firm's profit-maximizing turnover policy in an environment where managerial productivity changes stochastically over time and is the managers' private information. Our key positive result shows that the productivity level that the firm requires for retention declines with the managers' tenure in the firm. Our key normative result shows that, compared to what is efficient, the profit-maximizing policy either induces excessive ret…
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Managerial Turnover in a Changing World
We characterize a firm's profit-maximizing turnover policy in an environment where managerial productivity changes stochastically over time and is the managers' private information. Our key positive result shows that the productivity level that the firm requires for retention declines with the managers' tenure in the firm. Our key normative result shows that, compared to what is efficient, the profit-maximizing policy either induces excessive ret…
Business (1 work) · Corporate Finance and Governance (1 work) · Economic Policies and Impacts (1 work) · Economic theories and models (1 work) · Economics (1 work) · Key (lock (1 work) · Labour economics (1 work) · Macroeconomics (1 work) · Management (1 work) · Microeconomics (1 work)