rent extraction hypothesis

Question

In contrast, the “rent extraction” perspective argues that reputed CEOs ‎overemphasize their personal career enhancement and, in so doing, take actions that ‎may worsen agency costs. For example, very able managers may also be ‎overconfident and, thus, overestimate the return payoffs from corporate investment. ‎Empirical evidence reveals that managerial overconfidence can lead to distortions in ‎corporate investment decisions, and result in value-destroying mergers.‎

Answer 1

طبق لینک زیر :

http://cafehayek.com/2011/02/rent-extraction.html

What’s going on here is properly called extortion.  The academic name for it is “rent extraction” :

اخاذی معنی شده !

Answer 2

با +1 برای پاسخ خوب آقای سیلورمن ، بنده هم موارد زیر را پیشنهاد می کنم :

باج خواهی تجاری

منفعت جویی با سو استفاده از منصب (دولتی)

سودجویی نا متعارف (انحرافی) با سو استفاده از رانت موقعیتی