1.HEC Ecole de Gestion, Université de Liège, Liège, Belgium ;2.elea Center for Social Innovation, IMD, Lausanne, Switzerland ;3.HEC Ecole de Gestion, Université de Liège, Liège, Belgium ;4.Telos Impact & Solvay, Brussels, Belgium ;
Abstract:
Journal of Business Ethics - Investors with standard monetary preferences will give a fund manager incentives to increase firm profits, which can be achieved through a share in profits via carried...