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We investigate incentive effects of a typical hedge-fund contract for a manager with power utility. With a one-year horizon, she displays risk-taking that varies dramatically with fund value. We extend the model to multiple yearly evaluation periods and find her risk-taking is rapidly moderated...
Persistent link: https://www.econbiz.de/10005836975
Se spune că atunci când Peter Druker, considerat de către The Economist ca fiind ,,Cel mai mare gânditor pe care ştiinţa managementului l-a creat vreodată”, i-a prezentat unui interlocutor al său schimbările previzibile, l-au făcut pe acesta din urma să exclame :,, Ce mi-ai spus...
Persistent link: https://www.econbiz.de/10011257739
Management Arabian and Anglo-American countries are different in style and orientation. Arab managers are concerned … leads to a sense of helplessness institution. Although Anglo-American management techniques have had an impact on management … accounting in the Arab countries, the effectiveness of management shows different models based on a different style of …
Persistent link: https://www.econbiz.de/10011107600