Politically motivated corporate decisions as tournament participation/inclusion games
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DOI: 10.1016/j.jcorpfin.2021.101883
Abstract: Abstract We introduce political tournament “participation/inclusion” games. Dominant strategies determine whether players choose to compete by enhancing economic performance. Unique Nash equilibria competitors win (only) inclusion as promotion candidates. We find empirical justification for such… read more here.
Keywords: inclusion games; inclusion; politically motivated; tournament participation ... See more keywords