William J. Baumol's scientific contributions
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Publication (1)
Citations
... At the same time, they are required to provide the owners with a minimum income [34]. William Baumol believed that managers seek to maximize revenue since it is the maximum revenue at the minimum required level of profit that best satisfies their interests [35,36]. Robin Marris considered the growth rate of the firm to be the key indicator of managers and argued that in order to increase their managers agree to merge with another firm, even if this leads to a decrease in shareholder value [37]. ...
