Thirion, Isaline; Reichert, Patrick; Xhauflair, Virginie; … - In: Journal of business ethics : JBE 179 (2022) 4, pp. 991-1010
Investors with standard monetary preferences will give a fund manager incentives to increase firm profits, which can be achieved through a share in profits via carried interest. When investors have social preferences, it is not clear which incentives the manager should receive. We explore this...