Two streams of agency theory research have focused on different aspects of the contracting relationship between shareholders and CEOs. The first stream of agency theory research examines the role of multiple performance measures in a CEOs compensation contract in maximizing firm value in a...

As critical components of infrastructure management systems, after enforcement of the Government Accounting Standards Boards statement 34 (GASB 34), development of a valuation approach and optimal rehabilitation and replacement polices (R&R policies) for infrastructure assets become overriding...