Abstract: Little is known about how different bonus schemes affect traders’ propensity to trade and which bonus schemes … improve traders’ performance. We study the effects of linear versus threshold (convex) bonus schemes on traders’ behavior … traders trade more intensively (the number of transactions augments) under the threshold than under the linear bonus scheme …

We consider a principal-agent setting in which a manager’s compensation de- pends on a noisy performance signal, and … contract, the expected cost of com- pensation and the manager’s expected utility. We find that while an increase in reporting …

well, (ii) even before the reset dates on hybrid-ARMs and (iii) despite prepayment penalties on the contract. However, a …

application and loan contract information and measure credit constraints as the ratio of requested to granted loan amounts. I find …

-reported investment styles, and to improve relative performance evaluation. Subsequently, we relate style analysis to performance …'s investment style. Moreover, the same group of funds provide an extension of the mean-variance efficient investment set for Dutch …