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Why Whine About Wining and Dining?
2014
Social Science Research Network
Given potential abuse, conflicts of interest, and other issues, why do companies routinely pay for their managers to entertain the managers of other firms and allow their own managers to be so entertained? An answer that such practices facilitate inter-firm cooperation is incomplete because it fails to address why companies can't or don't induce such cooperation directly via their own incentive systems. This paper addresses these issues. It shows, inter alia, that even when firms can induce
doi:10.2139/ssrn.2477221
fatcat:ddeqvadnifa3pdejn6l4iwzwhy