Managerial Myopia and the Mortgage Meltdown
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DOI: 10.1016/j.jfineco.2017.03.010
Abstract: Prominent policy makers assert that managerial short-termism was at the root of the subprime mortgage crisis of 2007-2009. Prior scholarly research, however, largely rejects this assertion. Using a more comprehensive measure of CEO incentives for… read more here.
Keywords: managerial myopia; myopia mortgage; short termism; mortgage meltdown ... See more keywords