Impacts of risk attitude and outside option on compensation contracts under different information structures
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DOI: 10.1007/s10700-016-9263-7
Abstract: We consider an agency problem where a firm (she) hires a manager (he) who has related managerial expertise to implement a new project. The manager’s managerial expertise is his private information and characterized as an… read more here.
Keywords: information; option; risk attitude; compensation ... See more keywords