Showing 1 - 10 of 92
We analyze the structure and evolution of the allocation of decision and control rights in venture capital contracts by …
Persistent link: https://www.econbiz.de/10010745436
financing via mixes to pure round financing. We show that the decision for a specific form of staging is determined by the …
Persistent link: https://www.econbiz.de/10010746202
financial futures exchanges (1998-200). The term ‘strategic risk positioning’ is used as a central organizing concept to draw … together an analysis of the subjective time-risk relationships influencing strategy formation during this period. We being by … sense of an uncertain future shapes the strategic imagination and triggers processes of risk positioning. In conclusion, the …
Persistent link: https://www.econbiz.de/10010746470
In this paper we introduce concepts that build a theoretical notion of reputation risk and establish the need to extend … our approach to managing such risk.. The existing literature on reputation risk has tended to be reactive and focus on …. We explore the notion of ‘active trust’ as a way of redesigning approaches to the management of risk. Our analysis …
Persistent link: https://www.econbiz.de/10010746546
risk science, decision psychology and computer simulation. A two-agent model that accounts for the sufficiency of evidence …Complex regulatory decisions about risk rely on the brokering of evidence between providers and recipients, and involve …, therefore, the decision outcome. We explore these relationships in an agent-based model; drawing on concepts from environmental …
Persistent link: https://www.econbiz.de/10011126122
Risk-based regulation is becoming a familiar regulatory strategy in a wide range of areas and countries. Regulatory … attention tends to focus, at least initially, on high risks but low-risk regulatees or activities tend to form the bulk of the … survey-based research is used to develop a taxonomy of intervention strategies that may be useful in relation to low-risk …
Persistent link: https://www.econbiz.de/10011126704
is operated by a sequence of managers. In our model, firms replace their managers not only upon poor performance to … provide incentives, but also when outside managers are at a comparative advantage to lead the firm through a new growth phase … of the tenure of the incumbent manager onto the present value of future managers’ compensation. …
Persistent link: https://www.econbiz.de/10010745265
We present a model of efficient contracting with endogenous matching and limited monitoring in which firms compete for CEOs. The model explains the association between limited monitoring and CEO pay practices such as pay-for-luck, high salaries, a low pay-performance sensitivity, and a more...
Persistent link: https://www.econbiz.de/10010746551
We study the costs and benefits of additional information in agency contracts, when there is the possibility of renegotiation. The literature to date assumes that contractual simplicity, i.e. the omission of informative contractual contingencies, can only arise in multi-period environments, and...
Persistent link: https://www.econbiz.de/10011126387
We study contractual arrangements that support an efficient use of time in a knowledge-intensive economy in which agents endogenously specialize in either production or consulting. The resulting market for advice is plagued by informational problems, since both the difficulty of the questions...
Persistent link: https://www.econbiz.de/10011126635