Goldsmith, Peter; Basak, Rishi - In: Environmental & Resource Economics 20 (2001) 4, pp. 259-279
A principal-agent (P-A) model is used to analyse the effect of environmentaldiligence, the principal (top management), having to use imperfectperformance indicators and fearing penalties for environmental damages,wants to avoid environmental harm and induce the agent (employeemanipulating...