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Internal and external information system choices and mutual interdependencies

Schöndube-Pirchegger, Barbara - 2021

In this paper, we consider a one shot principal agent problem. The owner of the firm (principal) hires a manager (agent). As firm value is non‐contractible by assumption, an incentive contract is written on accounting income. The manager performs some productive task that increases firm value...

Persistent link: https://www.econbiz.de/10013171065