Showing 1 - 10 of 531
A principal wants two sequential tasks to be performed by wealth-constrained agents. When the tasks are conflicting (i.e., when a first-stage success makes second-stage effort less effective), the principal's profit-maximizing way to induce high efforts is to hire one agent to perform both...
Persistent link: https://www.econbiz.de/10009650662
We study optimal incentives in a principal-agent problem in which the agent's outside option is determined endogenously in a competitive labor market. In equilibrium, strong performance increases the agent's market value. When this value becomes sufficiently high, the threat of the agent's...
Persistent link: https://www.econbiz.de/10011108859
The authors perform an original research on the fundamentals of winning virtuous strategies creation toward the leveraged buyout transactions implementation during the private equity investment in the conditions of the resonant absorption of discrete information in the diffusion - type financial...
Persistent link: https://www.econbiz.de/10011156987
The authors perform an original research on the fundamentals of winning virtuous strategies creation toward the leveraged buyout transactions implementation during the private equity investment in the conditions of the resonant absorption of discrete information in the diffusion - type financial...
Persistent link: https://www.econbiz.de/10011107335
The authors perform an original research on the fundamentals of winning virtuous strategies creation toward the leveraged buyout transactions implementation during the private equity investment in the conditions of the resonant absorption of discrete information in the diffusion - type financial...
Persistent link: https://www.econbiz.de/10011111186
The purpose of this paper is the discussion of non-financial performance measures that can be adopted in the management accounting function of business organisations. The study is important because it shows how organisational focus on non-financial measures can substantially enhance...
Persistent link: https://www.econbiz.de/10012935122
In today’s corporate world, board diversity is a much talked-about topic and gender diversity is an important aspect of board diversity. Gender diversity refers to the presence of women on corporate boards of directors. In this paper, an effort has been made to examine whether an association...
Persistent link: https://www.econbiz.de/10005619663
This study explores the factors that affect an individual’s happiness while transitioning into retirement. Recent … studies highlight gradual retirement as an attractive option to older workers as they approach full retirement. However, it is … not clear whether phasing or cold turkey makes for a happier retirement. Using longitudinal data from the Health and …
Persistent link: https://www.econbiz.de/10011267891
just those at the point of retirement, this approach can provide additional insights on the efficacy of pension systems in … individuals above the 60% relative poverty threshold throughout retirement. Our simulations suggest that the gradual negative … lengthening of the time spent in receipt of retirement benefits. The consumption smoothing function of state pensions has declined …
Persistent link: https://www.econbiz.de/10011259058
deepening, and indirect effects, working through changes of taxes, government spending components and the retirement age in …. The closed-form solutions of the model predict taxation and the retirement age in OECD economies to increase in response … to demographic ageing and per-capita growth to accelerate. If the retirement age were held constant, the growth rate in …
Persistent link: https://www.econbiz.de/10011259148