A Note on Managerial Delegation with Asymmetric and Convex Costs
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DOI: 10.1002/mde.2773
Abstract: In this note, we investigate if the standard result by the managerial delegation literature, i.e., the sub‐game perfect Nash equilibrium is not Pareto‐optimal from the firms' viewpoint, still applies when asymmetric and convex costs are… read more here.
Keywords: note managerial; managerial delegation; delegation; convex costs ... See more keywords
Managerial delegation theory revisited
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DOI: 10.1002/mde.2799
Abstract: This article challenges the results of the ‘classical’ managerial delegation literature, where it is assumed that the weight of the managerial bonus only depends on the owner's will to maximise his own profits. By considering… read more here.
Keywords: theory revisited; delegation; managerial delegation; delegation theory ... See more keywords