BEYER, ANNE; GUTTMAN, ILAN; MARINOVIC, IVÁN - In: Journal of Accounting Research 52 (2014) 4, pp. 817-847
type="main" <title type="main">ABSTRACT</title> <p>We study optimal compensation contracts that (1) are designed to address a joint moral hazard and adverse selection problem and that (2) are based on performance measures, which may be manipulated by the agent at a cost. In the model, a manager is privately informed about...</p>
