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Keywords: Tournaments
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Journal Articles
International Journal of Managerial Finance (2012) 8 (4): 381–399.
Published: 21 September 2012
... is to utilise Taylor's extension of the tournament model of Brown et al. who argued that using an exogenous (endogenous) benchmark induces losing (winning) managers to gamble. This presents two competing testable hypotheses that are investigated in the current study. Design/methodology/approach...

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