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This paper studies a dynamic principal-agent setting in which the principal needs to dynamically schedule an agent to work or rest. When the agent is motivated to work, the arrival rate of a Poisson process increases, which increases the principal's payoff. Resting, on the other hand, serves as...
Persistent link: https://www.econbiz.de/10013323153
We consider a stylized incentive management problem over an infinite time horizon, where the principal hires an agent to provide services to customers. Customers request service in one of two ways: either via an online or a traditional, offline, channel. The principal does not observe the...
Persistent link: https://www.econbiz.de/10014350606
We employ novel methods to investigate optimal project management in a setting plagued by unavoidable setbacks. The contractor can cover up delays from shirking either by making false claims of setbacks or by postponing the reports of real ones. The sponsor induces work and honest reporting via...
Persistent link: https://www.econbiz.de/10013246629
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In this paper, we use the prestigious iF design award to measure corporate product design novelty and examine how it is influenced by information quality. Using the mandatory adoption of International Financial Reporting Standards (IFRS) in 2005 as a substantial increase in information quality...
Persistent link: https://www.econbiz.de/10012851664
Given the profound effects of financial fraud on corporate managers, inventors, and cultures, this paper investigates how financial fraud influences technological innovation at both firm and inventor levels. We find that the occurrence of financial fraud is negatively related to firms’ and...
Persistent link: https://www.econbiz.de/10013218863
We analyze a model in which agents’ decisions to enter or exit investments are influenced from their individual and external parties’ transaction histories. Actual investment outcomes are unknown to all participants until the end of decision periods, but outcomes do change depending on the...
Persistent link: https://www.econbiz.de/10011259655
We use a social learning perspective to extend our understanding of information technology (IT) investment and return. Specifically, we investigate social learning in the context of interlocks between corporate boards, which allow firms to share knowledge and experiences with respect to their IT...
Persistent link: https://www.econbiz.de/10014103303